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					                                                          The Graduate/              Count on HESC for                                   Graduate PLUS:
                                                           Professional              the guidance and                                    A flexible loan
                                                        PLUSloan and HESC            support you need                                    you can afford
 For more information                                                                HESC is New York’s student financial aid agency.    For Graduate PLUS loans, you may borrow
                                                          Helping you achieve your   We have the programs, information, and              any amount up to the total cost of education
     Visit our Web site at                         career goals.        resources to help you afford a college education.   (as defined by the school), minus other financial
                                                                                                                                         aid you’ve been awarded.
                                                                                     We administer the state‘s Tuition Assistance
              HESC Customer
           Communications Center                                                     Program (TAP) and more than a dozen other           Whether you need extra cash for college fees,
               1-888-NYSHESC                                                         grants and special awards. We also guarantee        room and board, or books for your graduate-
               1-888-697- 4372                                                       student loans as part of the Federal Family         level classes, a Graduate PLUS loan can cost
                                                                                     Education Loan Program (FFELP). PLUS loans,         less than a more expensive private loan or
       Federal Student Aid Information                                               along with Stafford and consolidation loans, are    maxing out your credit cards.
                      or                                                             part of FFELP.
                                                                                                                                         You must first apply to borrow the maximum
          FAFSA Application Status
                                                                                     There are many student financial aid programs       in Stafford loans (based on eligibility and
                1-800-433-3243                                                       available for graduate study in New York State.     determination of need) before applying for
                                                                                     Get all the information you need on our             a Graduate PLUS loan.
                                                                                     easy-to-navigate Web site,, and
                                                                                     make planning and paying for college faster
                                                                                     and easier than ever.

              Your Student Aid Agency
New York State Higher Education Services Corporation
        99 Washington Avenue, Albany, NY 12255

                                                     s   Convenient online pre-approval and
                                                         application process;                               How to apply                                     How to improve
                                                                                                                                                             your fiscal fitness
                                                     s   Lower origination fees — 3 percent                 Applying for a Graduate PLUS loan is simple on
                                                         compared to alternative loan fees which   You can electronically submit      Do you have questions about your student
                                                         can be as high as 9-11 percent;                    your FAFSA and complete the PLUS e-MPN.          loans? A HESC representative will work with
                                                     s   No prepayment penalties — ever;                    Or get the forms from your school’s financial    you, your lender or school to find answers.
                                                     s   Eligible for consolidation.                        aid office or your lender.                       Call us at 888-215-0196 for help staying on
                                                                                                                                                             track with your loans.
                                                     Eligibility                                            Repayment                                        If you need help with debt management,
                                                     requirements                                           Upon graduating or leaving school, you will      you may want to consult with a professional,
                                                                                                            have up to 10 years to repay your Graduate       not-for-profit budget planner or consumer
                                                     To be eligible for a Graduate PLUS loan,               PLUS loan. Repayment begins within 60 days       credit counselor. To locate a counselor,
                                                     you must:                                              after the final disbursement. While in school    contact the National Foundation for
Advantages of                                        s   Be a graduate or professional student              at least half time, you can have your payments   Credit Counseling at or
the Graduate PLUS:                                       enrolled at least half time;                       deferred.                                        call 800-388-2227.
A flexible Loan                                      s   Be a U.S. citizen or eligible non-citizen;         Monthly payments are based on the amount
you can afford                                       s   Complete the Free Application for Federal          you borrowed and the payment plan selected.
                                                         Student Aid (FAFSA) and an electronic FFEL         The minimum monthly payment on principal
The Graduate PLUS loan can cost less than an
                                                         PLUS Master Promissory Note (e-MPN);               and interest with standard repayment is $50.
alternative loan.
                                                     s   Have first applied for the maximum amount          There is no penalty for early repayment.
Unlike some private loans that come with                 in Stafford loans;
variable interest rates that can climb several       s   Be creditworthy.
                                                                                                            tnterest rates
times a year, the Graduate PLUS loan has a
fixed interest rate of 8.5 percent, valid for the                                                           Graduate PLUS loans carry an 8.5 percent fixed
life of the loan.
                                                     How much can                                           interest rate. See the chart below to estimate

And many lenders offer discounts, rebates, fee
                                                     you borrow                                             your total payments with varying loan amounts.

reductions and other borrower incentives.            You may borrow up to your entire “cost of                           Sample Loan Repayment
                                                     attendance,” which includes tuition, room and
HESC waives the one percent federal                  board, books, transportation, and additional               Amount Borrowed         Total Payments
                                                                                                                    At 8.5%             With Standard
default fee for Graduate PLUS loans.                 expenses, minus any other aid you are receiving.             For 10 Years            Repayment
                                                     For example, if college costs are $30,000 and                    $5,000                $7,439
Other features of Graduate PLUS loans include:
                                                     you are eligible for $18,500 in financial aid, you              $15,000               $22,317
s   No annual or aggregate loan limits;              may borrow up to $11,500.                                       $25,000               $37,196
                                                                                                                     $35,000               $52,074
s   Payments deferred while you are in school        Once approved, your lender disburses the loan
    (must maintain at least half-time enrollment);   funds, less a 3 percent origination fee, directly to
s   No co-signer required;                           your school on dates determined by the school.
s   Billing combined with your Stafford loans;       Remember, with HESC, the federal one percent
                                                     default fee is waived.

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