| No federal default fee (typically 1% of the principal amount)
|
| 2% Interest Rate Reduction |
| Grad PLUS borrowers receive a 2% interest rate reduction when they sign up for auto-debit loan payments reducing the Fixed Interest Rate from 8.5% to 6.5%! |
| Deferment & Forbearance - no payments while in school |
• Automatic in-school deferment
• Up to a 9 month forbearance immediately following in-school period for eligible borrowers who qualify (Not all Grad PLUS programs offer this important benefit) |