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Other Financing Options

Other Financing Options

Federal Direct Graduate PLUS Loan

If you have remaining costs after applying for federal and state aid, the Federal Direct Graduate PLUS Loan may be an option to help fund your graduate studies. The interest rate for the PLUS Loan is 7 percent for 2018-2019. The PLUS Loan also has a loan fee for loans with the first disbursement date between 2018/2019. More information about the Federal Direct Graduate PLUS Loan can be found at

The Direct PLUS Loan Application for Graduate/Professional Students is a request for supplemental information in connection with your application for a Federal Direct PLUS Loan (Direct PLUS Loan) through the William D. Ford Federal Direct Loan (Direct Loan) Program. Some schools may have a different process for obtaining the additional information needed to process your Direct PLUS Loan application.

The information that you provide will be sent to the school that you select. The school you select will use the information collected to determine your eligibility for a Direct PLUS Loan and process your application.

Before you can receive a Direct PLUS Loan, you must complete a Direct PLUS Loan Master Promissory Note (Direct PLUS Loan MPN), which explains all of the terms and conditions of Direct PLUS Loans and constitutes your legally binding agreement to repay all Direct PLUS Loans that you receive under the Direct PLUS Loan MPN. You will have an opportunity to complete the Direct PLUS Loan MPN after you complete the Direct PLUS Loan Request.

The Direct PLUS Loan Application allows you to authorize the school to use your loan funds to satisfy other educationally related charges after tuition and fees, and room and board have been paid. You are not required to provide this authorization.

Before you continue: If you have placed a security freeze on your credit file, you must lift or remove the freeze at each credit bureau before you continue. Your application will not be processed if you have a security freeze.

Before You Start Your Plus Loan, Here's What You Need to Know 

How to Apply

  • Login to and complete:
    • Graduate PLUS Loan Master Promissory Note.
    • Graduate PLUS Loan Application.
      •  A credit check is part of the PLUS Loan Application. If a student does not pass the credit check, the student can either apply for an appeal with the Department of Education or use a credit-worthy endorser.
  • FAFSA required.
  • Credit check required.
  • Must be enrolled as at least a half-time student, in good academic standing, working toward a degree or certificate.
  • No co-signer required, but a credit co-signer can be used if credit is declined.
  • U.S. Federal Government, however the loan is serviced by an assigned loan servicing company.
Interest Rate
  • 7.00% fixed interest rate for loans with 1st disbursement date between 7/1/2017-6/30/2018
Interest Accrual
  • Interest begins accruing upon first disbursement.
Interest Capitalization
  • Interest capitalizes upon repayment or at end of a deferment/grace period. 
Loan Fees
  • 4.264% loan fee for loans with 1st disbursement date between 10/1/2017-9/30/2018
Loan Limit
  • Up to Cost of Attendance minus other financial aid (loans, scholarships, and federal work study) awarded.
Aggregate Lifetime Borrowing Limit
  • None
Repayment Grace Period
  • Student must request a 6-month post-enrollment deferment from lender after student ceases to be enrolled at least half-time or graduates.
Repayment Plans
  • May consolidate with other federal student loans (such as Stafford and Perkins).

Public Service Loan Forgiveness (PSLF) 

  • Loans discharged upon borrower death or disability.

Private, credit-based student loan

A private, credit-based alternative loan may be available to students who need funding for remaining college costs. There are various lenders for student borrowers which require no payments while the student remains in school. Private loans have various options for repayment and may offer forbearance and deferral options. In addition, interest rates for private loans are based on credit and set by the lender. These loans are usually more expensive than federally guaranteed loans, may require a cosigner and should only be used when all other options are exhausted.  

To view and compare alternative loans that Agnes Scott students have used in the past please go to

Code of Conduct (PDF)
Sample Alternative Loan Disclosure Statement (PDF)
Sample Loan Approval Disclosure (PDF)
Application and Solicitation Sample Disclosure (PDF)

Payment plan

To help you afford education expenses, Agnes Scott College is pleased to make the services of Tuition Management Systems available to you and your family. Tuition Management Systems’ Interest-Free Monthly Payment Plan allows you to spread your education expenses over smaller monthly installments for a small enrollment fee. There is no interest and no pre-qualification or credit check for this service. With this payment plan you have 24-hour access to account information through Tuition Management Systems’ website, toll-free automated account information and personal account service Monday through Saturday.

For more information on your specific payment options or to enroll in the Interest-Free Monthly Payment Plan, visit Agnes Scott's Tuition Management website at or call 1.800.722.4867 and speak with an education payment partner.