The Graduate Plus loan is a federal loan, that is sent to your school. A lot of potential grad students want to use this loan for living expenses, but you should check with your financial aid office first, because they may only allow that loan to be used for tuition. Has anyone been through this before? If so, definitely share it here so we can all understand how that loan works a little better.

Great info on the Grad PLUS Loan at GradLoans.com