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1330 Fin Aid Grad Plus Application qxp - southalabama

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All paper correspondence regarding this loan both from our office and the Department of Education s Direct Loan Servicing Center will be mailed to your mailing address on file at the University of South Alabama* Processing of the Grad PLUS application will begin once eligibility for federal financial aid has been determined AND we have received your completed Grad PLUS Loan application* Incomplete applications must be resubmitted entirely. Credit Worthiness To be eligible for the Federal Dire ...

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Do you have to fill out a Fafsa for a Grad PLUS loan?

Note: Before applying for a grad PLUS loan, you must complete the FAFSA form.

How long does grad plus loan application take?

How long does it take to get approved for a grad PLUS loan? The entire process can take 3-4 weeks. Check your schools deadline window to allow for enough time to fill out your FAFSA, review your loan terms, and get the funds disbursed.

What is a Grad Plus student loan?

Simply put, theyre federal student loans available to students attending graduate school and professional school. Part of the federal Direct PLUS Loan program, a student would typically seek a Grad PLUS Loan after maxing out a federal Direct Unsubsidized Loan (a type of a federal student loan).

How do I know if I was approved for a Grad PLUS loan?

Step 1: Log-in to studentloans.gov and apply for the loan. You will receive a notification via-e-mail indicating the approval or denial of your loan. Step 2: If your graduate plus loan was approved, sign the Master Promissory Note (MPN).