Law School Discussion

Deciding Where to Go => Financial Aid => Topic started by: Ninja1 on May 28, 2008, 07:50:06 PM

Title: Grad PLUS Loans
Post by: Ninja1 on May 28, 2008, 07:50:06 PM
Does anyone know when Grad PLUS loans are supposed to be available? I've been trying to do mine for a few months now but everywhere I've looked only has terms through the summer up.
Title: Re: Grad PLUS Loans
Post by: jack24 on May 29, 2008, 11:41:19 AM
Are you wondering when you can apply, or when the funds will be available?
My grad plus loan will be processed through the financial aid office, so they'd be the ones to ask about funds availability in my case.
Title: Re: Grad PLUS Loans
Post by: Ninja1 on May 29, 2008, 10:27:58 PM
When I'll be able to apply. I already have when I get paid on my calendar.
Title: Re: Grad PLUS Loans
Post by: flyaway on May 30, 2008, 12:05:34 AM
I think June or July.
Title: Re: Grad PLUS Loans
Post by: jsb221 on May 30, 2008, 04:02:28 AM
You don't apply for GradPLUS loans until at least June or July because your credit check will expire before classes start and your loan is disbursed.
Title: Re: Grad PLUS Loans
Post by: imagurl on May 30, 2008, 09:04:39 AM
Your school should notify you when to apply.  My school told me later in June they will send out  more info on loans and the aid package.
Title: Re: Grad PLUS Loans
Post by: SCK2008 on May 30, 2008, 09:33:21 AM
Unless I'm doing something horribly wrong (possible) I've already applied for them-

1. My school emailed the award letter in April
2. I downloaded and returned the forms (after picking lenders, entrance counseling, etc)
3. Wait for the school to process it all/MPN/etc...

In other words, shouldn't it tell you what to do on your award letter?
Title: Re: Grad PLUS Loans
Post by: Ninja1 on May 30, 2008, 02:26:26 PM
Excellent. Thank you everyone.
Title: Re: Grad PLUS Loans
Post by: Team Awesome on July 01, 2008, 01:11:36 PM
Unless I'm doing something horribly wrong (possible) I've already applied for them-

1. My school emailed the award letter in April
2. I downloaded and returned the forms (after picking lenders, entrance counseling, etc)
3. Wait for the school to process it all/MPN/etc...

In other words, shouldn't it tell you what to do on your award letter?

Does getting the award letter mean you're already approved for the Grad Plus? I accepted my aid online last week and haven't gotten the promisary note and counseling packet yet. I'm trying to figure out of I passed the credit check or if it's yet to come.
Title: Re: Grad PLUS Loans
Post by: SCK2008 on July 01, 2008, 02:11:48 PM
No, I used the term to describe the financial aid package my school has provided me with...

I received it, filled out a bunch of paperwork, online counseling, etc and then returned the completed forms to my school...

I emailed them to confirm they had everything and they said yes but that's as far as its gotten thus far...
Title: Re: Grad PLUS Loans
Post by: Team Awesome on July 01, 2008, 02:25:26 PM
No, I used the term to describe the financial aid package my school has provided me with...

I received it, filled out a bunch of paperwork, online counseling, etc and then returned the completed forms to my school...

I emailed them to confirm they had everything and they said yes but that's as far as its gotten thus far...
Sorry for the disconnect. I was using it the same way. Basically, if the gradplus loan is in your financial aid package, does that mean the credit check had already been done and you're good to go?
Title: Re: Grad PLUS Loans
Post by: SCK2008 on July 01, 2008, 02:31:50 PM
Not that way I interpret it but I don't have much experience with it.  Schools can offer you GradPlus loans, but you still have to qualify for them...

And I believe the credit check takes place after you return the paperwork (telling the school what loans you want)...

In other words, they don't pre-qualify your loans; they qualify them when you apply for them and you don't apply for them until you accept them (by returning the paperwork)...

But again, I could be wrong...