General Information

Federal PLUS Loans are available to all CGMA clients who are PARENTS OF DEPENDENT UNDERGRADUATE students enrolled at least on a half-time basis.

 

Independent students and post-graduate students are not eligible for PLUS loans.

 

Parents may borrow the cost of education per child per academic school year, less other financial aid received. Parents wishing to borrow under this program must demonstrate evidence of credit-worthiness to be eligible for this loan.

 

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Interest Rate & Additional Information

 

The interest rate for Federal PLUS Loans is an annual variable rate set by Congress. For the current interest rates or more detailed information on PLUS Loans, please contact:

Your school's Financial Aid Office 

Call the U.S. Department of Education Federal Student Aid Center at 1-800-433-3243

Visit their web site: www.ed.gov

 

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Need More Information?

Review our General Information Brochure

Contact your local Coast Guard Mutual Assistance Representative

Call CGMA-HQ (800) 881-2462 or (703) 872-6716

Send us an email: ARL-DG-CGMA@uscg.mil