Should Graduate Students Start Early to Access Grad PLUS Loans?
Some US institutions are encouraging graduate students to start early to remain eligible for Grad PLUS loans, which are being phased out. The One Big Beautiful Bill Act allows students who secure a Grad PLUS loan by July 1 to be grandfathered in for three years.
The elimination of Grad PLUS loans is prompting some US institutions to encourage incoming graduate students to start their programs early. The One Big Beautiful Bill Act allows students who secure a Grad PLUS loan by July 1 to remain eligible for three years. Fordham University's master of social work program is urging accepted students to commit by March 15 to start in the summer. Stetson University's law school is also offering a summer start to keep students eligible for Grad PLUS loans. Institutions are searching for ways to help students afford programs amid the loss of Grad PLUS loans and new federal loan caps. Some are establishing agreements with private lenders or launching their own loan programs.
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