NotesFAQContact Us
Search Tips
Back to results
ERIC Number: ED590802
Record Type: Non-Journal
Publication Date: 2018-Apr-17
Pages: 21
Abstractor: ERIC
Higher Education: Characteristics of Graduate PLUS Borrowers. GAO-18-392R Graduate PLUS Loans
US Government Accountability Office
To help students and their families pay for higher education, the Department of Education provides billions of dollars in federal student loans each year through programs authorized under Title IV of the Higher Education Act of 1965, as amended. Graduate students have been eligible for Graduate PLUS (Grad PLUS) loans to help finance their education since July 1, 2006. Grad PLUS loans are not need-based and students can borrow up to the cost of attendance, such as tuition, fees, and room and board, minus any other estimated financial assistance. Grad PLUS loans are also different than many other federal student loans because they do not have fixed annual or aggregate--referred to in this report as "lifetime"--limits. This report examines (1) what is known about Grad PLUS borrowers and the loan repayment plans they use to manage their debt, and (2) how the addition of loan limits might affect the number and type of borrowers, and the amount of money awarded for Grad PLUS loans. [Major contributors to this report were Melissa Emrey-Arras, Scott Spicer, Eve Weisberg, Jennifer McDonald, Colenn Berracasa,Deborah Bland, Ben Bolitzer, Sarah Cornetto, Holly Dye, Justin Fisher, Kirsten Lauber, John Mingus, and Liam O'Laughlin made significant contributions to this report. Also contributing to this report were Swati Deo, Kate O'Dea Lamas, Jeff Miller, Mimi Nguyen, and Ellen Phelps Ranen.]
US Government Accountability Office. 441 G Street NW, Washington, DC 20548. Tel: 202-512-6000; Web site:
Publication Type: Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: Policymakers
Language: English
Sponsor: N/A
Authoring Institution: US Government Accountability Office
Identifiers - Laws, Policies, & Programs: Federal Direct PLUS Loan Program
Identifiers - Assessments and Surveys: Baccalaureate and Beyond Longitudinal Study (NCES)
Grant or Contract Numbers: N/A