Stafford/PLUS Loan Fee Grant

Many families rely on Federal Stafford Loans or Federal Parent Loans for Undergraduate Students (PLUS) to finance higher education. CGMA helps ease the financial burden by offering a grant to reimburse the mandatory loan fee, which can be as high as 4%. This grant helps reduce upfront costs, making the loan process more manageable. CGMA reserves the right to limit the grant amount, with a maximum combined total of up to $4,000 per individual.

Amount

$4,000

Type of Assistance

Grant

Eligibility

Active Duty

Auxiliary

Civilian Employees

PHS Officers and Chaplains

Reserves

Retired Military Personnel

Surviving Spouses

Start with Your CGMA Rep

Start with your local CGMA Representative

There are more than 600 Coast Guard Mutual Assistance Representatives to help you.

How to Apply

Gather these documents:

Your Coast Guard ID
Direct Loan Disclosure Statement from the Department of Education
An account statement from the school at the end of the term showing deposits to the student’s school account for that term
- Note: the school account statement must be dated more than 14 days after the school sends the mandatory written notice that they have credited the student’s account with the Stafford or PLUS funds.

Apply directly online:

Who's Eligible?

Find more information on the Stafford/PLUS programs at GovLoans.gov.
All CGMA members are eligible for the grant on behalf of themselves, their spouses, or their dependent children under 23.
Eligibility is based on the client’s and the student’s status as of the first day of the course for which the grant is requested.
Applications must be submitted within 12 months after the date the loan funds are disbursed.