Stafford/PLUS Loan Fee Grant

Many families finance higher education through the Federal Stafford Loan or Federal Parent Loan for Undergraduate Students (PLUS). CGMA makes the process easier by offering a grant to reimburse you for the mandatory loan fee, which can be up to 4%.

Amount

Full amount of the mandatory fee

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
CGMA-08 Stafford/PLUS Loan Fee Grant Application
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.

Contact your CGMA Representative to start the process.

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.