The Federal Graduate PLUS Loan is an alternative loan option for students enrolled in a graduate or professional degree program. Student must complete the  FAFSA for the appropriate academic year. The student borrower will be evaluated for credit-worthiness. If approved, the student will be required to complete a Graduate PLUS Loan Master Promissory Note and Graduate PLUS Loan Entrance Counseling.

Federal Graduate PLUS Loan:

• Lender is the U.S. Department of Education
• Student must be enrolled at least half-time (5 credit hours) in a graduate or professional degree program
• Interest rate is 7.9% fixed
• Funds are sent directly to the school
• Repayment begins six months after graduation or dropping below half time attendance
• Student may borrow up to the cost of attendance less other aid
• Origination fee of 4%**IMPORTANT NOTE:

  Loans with the first disbursement occuring after March 1, 2013 may be subject to a higher loan processing fee of approximately 4.20% a result of the Government            Sequestration. We will provide the actual increased percentage when it becomes available.

To Apply for the Graduate PLUS Loan:

**Applicants for Summer 2013 should select the 2012-2013 Award Year with a loan period 05/2013-08/2013. 

** Applications for Fall 2013-2014 will be available   approximately June 1, 2013.

 

• For a Summer application select 2012-2013
• Click the Sign In button in the Manage My Direct Loan box
• Enter the student's FAFSA PIN (If you cannot remember your PIN number, go to www.pin.ed.gov and Request a Duplicate PIN, and then select "Display Now")
• Begin the PLUS Loan Application Process (Request a Direct PLUS Loan)
• Select Graduate PLUS
• Complete the four application steps
• Click here to access the Graduate PLUS Loan Application for Spring 2013

Interest Rates

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• 7.9% Fixed
• 4% Loan Origination Fee

Eligibility

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Student must be enrolled at least half-time (5 credit hours) in a graduate or professional degree program.