What Is A Grad PLUS Loan?

A Grad PLUS Loan is a specific type of federal student loan that can be used to pay for graduate, professional, or medical school. It's important to note that Grad PLUS Loans are ending in 2026.

Going to graduate school, medical school, or a professional school are common goals for people looking to advance in their careers.

But figuring out how to pay for an expensive education can be difficult, especially for people who have only been working for a year or two.

If you don’t have sufficient savings to cover the cost of graduate school, a Grad PLUS loan from the federal government may be a good option to consider. Here’s what you need to know about this student loan designed specifically for graduate students.