Loan Designed for: Parents of Undergraduate dependent students and Graduate/Professional students attending college at least half-time or more at an eligible institution.
Eligibility: Must be a U.S. citizen, U.S. national or permanent resident. Completed FAFSA online or via paper if a Graduate Student. Although it is not required, parents may be asked to fill out FAFSA by school.
Loan Amount: You may borrow up to the Cost of Attendance minus any other financial aid received. Graduate and Professional students are required to submit a FAFSA and apply for the maximum Stafford Loan limit before applying for a Graduate PLUS Loan.
Interest
Rate: Changes
yearly; for academic
year 2006-07 the federal
fixed interest rate
is 8.5% for the Federal
PLUS Loan. Learn how
to lower your interest
rate to as low as 6.5%*
with the AAA
Advantage.
Repayment Term: Repayment begins within 60 days after the loan is fully disbursed. The repayment term is up to 10 years with a $50 minimum monthly payment. Graduate and professional students will receive an automatic in-school deferment until after graduation if student is attending at least half-time.
Our Territory: AAA Southern New England proudly serves members in Rhode Island & the following counties in Massachusetts:
Bristol, Middlesex, Worcester, Berkshire, Plymouth, Suffolk, Barnstable, and Norfolk
Copyright 2008. AAA Southern New England
