KeystoneBEST is Pennsylvania’s low-cost student loan for graduate students.
Eligibility
Special KeystoneBEST requirements:
- Be a Pennsylvania resident attending any accredited school or an out-of-state resident attending any accredited school in Pennsylvania.
- Be enrolled in an eligible program of study beyond a bachelor's degree, taking graduate level courses leading to a master's or doctorate degree or professional certification (excluding teacher certification).
You also must meet general PLUS loan eligibility requirements.
Features & Terms
Who Pays |
- The student repays the loan.
|
Interest Rates |
- The current fixed rate is 8.5% for loans paid out on/after July 1, 2006, and is adjusted each July 1st.
- Your lender may offer additional interest rate reductions. Be sure to ask.
- Will never exceed 9.0%.
- Can be tax deductible.
|
Fees |
- Origination fees will not exceed 3%.
- PHEAA will pay the 1% federal default fee on behalf of lenders who participate in the KeystoneBEST loan program.
|
Annual Loan Limits |
- Borrow the difference between your cost of attendance and financial aid award - up to 100% of total costs.
- Use loan funds for all associated costs - including tuition, room and board, books, transportation, computer, etc.
|
Rebates |
- Select lenders may offer additional rebates.
|
Repayment |
- Repayment begins within 60 days after the school receives the loan funds; however, we automatically defer payments while you attend school.
- Take 10 years to pay - longer with flexible repayment
options.
- No penalties for paying your loan off early.
|
Loan Management |
- Once your loan(s) enter repayment, receive single-point customer service from American
Education Services
 (AES). PHEAA's public service mission is powered by AES, our national commercial business enterprise.
- KeystoneBEST loans in repayment are eligible for loan consolidation.
- Manage your AES-serviced loans online any time.
- Get one billing statement for all AES-serviced loans.
- We are with you every step of the way. Contact us.
|
Apply for this Loan
- No income requirements
- Poor credit? May still qualify with credit-ready endorser
Back to Top