After searching out grants and scholarships that don't have to be paid back, then maximizing your Stafford Loan borrowing, consider a low cost Grad PLUS Loan to help pay for grad school. With Sallie Mae Education Trust as your Grad PLUS lender, you may be eligible to save the 1% default fee. You can also reduce your interest rate with automatic debit payments!*

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE CLOSE TO THEIR LOAN DISBURSEMENT DATE TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING LOAN PROGRAMS, INCLUDING BORROWER BENEFITS.

*Subject to the above, benefits are available on loans guaranteed June 9, 2008–June 30, 2009 and serviced by Sallie Mae throughout repayment. Terms and conditions apply. The 1% federal default fee will be paid on the borrower’s behalf on loans guaranteed by USA Funds or NELA June 9, 2008–June 30, 2008. A 0.25 percentage point interest rate reduction for paying by automatic debit is available during active repayment for as long as the borrower’s monthly payment is successfully deducted from his/her bank account.