Adult students in a degree or certificate program are encouraged to apply for financial aid just like traditional students; however, some special considerations apply. For example, some adult students may have reached the maximum Stafford Loan amounts through the financial aid process. For those students, there are two options: a private loan or a Graduate Plus Loan (GradPLUS).
Private loans are an option for students and families to assist them in paying for educational expenses that are not covered by other types of financial aid. It is strongly recommended that you apply for federal aid first as federal loan programs often have more favorable terms than private loans. For more information on these and other loan options, please visit the Endicott College Loan information page.
The GradPLUS loan program is available for independent students enrolled in a graduate program. This may be in addition to the annual Federal Direct Stafford loan limits. Graduate students may borrow up to the cost of attendance minus other financial aid at a fixed interest rate of 7%.
To apply for a GradPLUS Loan, please visit www.studentloans.gov, login, and follow the step by step instructions. A credit check will be part of the application process. If this is your first PLUS Loan, you must also complete the Federal Direct PLUS Loan Master Promissory Note (MPN) and Entrance Counseling.