This loan is available to graduate students who have no adverse credit history. Students may borrow up to the cost of education (budget costs minus any financial aid received) and must use the loan funds solely to pay educational costs. The PLUS is a fixed-rate loan (for loans disbursed after June 30, 2006) that is currently capped at 9%. Students can choose to make monthly principal and or interest payments while in school or can choose to defer payments. The loan may be obtained through a participating lender (banks, credit unions, and savings and loan associations). For further information concerning this program, contact the Financial Aid Office.