Direct Graduate PLUS Loan

Who may be eligible for this loan?

Students enrolled at least half time in a Graduate or Professional program of study, and who are:
  • U.S. citizens or eligible noncitizens
  • Not in default on any federal educational loans
  • Must meet SAP
  • Enrolled half time

How much can I borrow?

Students may borrow up to the amount of their full cost of attendance minus any other financial aid they are receiving.

Is the FAFSA required?

Yes, the student must submit the FAFSA in order to receive these loans.

Is a credit check required?

Yes, before the loan is approved, the U.S. Department of Education checks the applicant’s credit. Applicants with adverse credit scores may not be approved.

Current Interest Rate

7.9% (Interest accrues during all periods (in-school, forbearance, and repayment) beginning on the first date of disbursement.

Current Origination Fee

4.0% origination fee – This fee is subject to change based on the federal sequestration

Repayment Information

Repayment typically begins 60 days after the last disbursement of the full loan amount. The student may request that repayment be delayed while the he or she is enrolled at least half-time. In this case repayment would begin 6 months after the student is no longer enrolled at least half-time. This delay may be requested on the Master Promissory Note for the PLUS loan, or by contacting the Direct Loan Servicing Center (800-848-0979)

How do I apply?

Students may apply online (website: To completed the application online, please be sure to:

Additional Information

If the Graduate PLUS loan is declined based on the credit inquiry, the borrower may update the PLUS application to include a credit worthy endorser. The endorser will need to provide information on the loan application to authorize the credit inquiry.

Contact Information

For more information on the Federal Grad PLUS loan, please visit the Department of Education website, or contact the Direct Loan Servicing Center at 800-848-0979.