Summer 2013 Grad PLUS Loan Request Form - Boston University-2025

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PLUS loans do not have a grace period; but if you received a PLUS loan as a graduate or professional student, youll automatically get a six-month deferment after you graduate, leave school, or drop below half-time enrollment. No payments are required during this six-month deferment period.
A new application must be completed every year the student wishes to borrow a Grad PLUS Loan. The Grad PLUS application is submitted online at StudentAid.gov.
The 10-year repayment period begins six months after you graduate, withdraw or drop below half-time enrollment. To reduce the cost of borrowing, consider making interest-only payments while you are in school.
Your summer aid options consist of any Federal Direct Loan aid you did not use during the academic year. You may also apply for a Federal Graduate PLUS Loan or Private Loan to help cover your summer costs - both of which require credit approval.
There is no deadline for the Parent PLUS loan (minus that it needs to be applied to prior to the end of the academic year). You can apply for the loan throughout the academic year. I would more check when the bill needs to be satisfied by, aka a plan (loan, payment plan, etc.) in place.
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Application Deadlines The PLUS Loan Application becomes available by the end of the May prior to the start of fall term, and we recommend all these steps be completed prior to August 1 for the fall term (or prior to December 1 for spring term).
You must complete a Direct PLUS Application for each year you wish to receive a graduate (grad) PLUS loan.

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