Federal Graduate PLUS Loan
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
- Interest rate for loans disbursed after July 1, 2014 is 7.21% 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 4.292%
To Apply for the Graduate PLUS Loan:
For Academic year 2014-2015, select 2014-15 Award Year with a Loan Period of 8/2014
Graduate PLUS Loan applications for Summer 2015 will be available on March 30, 2015.
Please read these instructions BEFORE accessing the application.
- To apply you must click the Sign In button at the website provided in step 6 below
- 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")
- To begin the PLUS Loan Application Process, select"Request a Direct PLUS Loan"
- Select Graduate PLUS
- Complete the four application steps
- Access the Graduate PLUS Loan Application at www.studentloans.gov now!
- 7.21% Fixed
- 4.292% Loan Origination Fee
You must be enrolled at least half-time (5 credit hours) in a graduate or professional
Note: IF YOU ENROLL less than FULL time (less than 9 credit hours for graduate students),
your cost of attendance will be adjusted based on your actual enrollment after the
4th day of class. This adjustment may reduce the amount of aid that you are eligible
to receive and may change your account balance due or the amount of refund. For more
information on what this could mean for you, visit the Cost of Attendance page on the Financial Aid website.