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GRAD Plus Loan

 

Eligibility

  • Complete FAFSA
  • Must be enrolled at least half time
  • Annual maximum loan eligibility under the Federal Direct Subsidized and Federal Direct Unsubsidized Loan Program must be met
  • Contingent upon credit approval
  • Must complete Master Promissory Note and Entrance Counseling prior to first disbursement

Interest Rates

  • Fixed interest rate of 6.31% for loans first disbursed on or after July 1, 2016 and before July 1, 2017
  • Fixed interest rate of 7% for loans first disbursed on or after July 1, 2017 and before July 1, 2018
  • Interest accrues as soon as the first disbursement is made.
  • For more information on interest rates, visit the Department of Education's website Student Aid on the Web.

Loan Fees

First Disbursement Date Loan Fee
On or after Oct. 1, 2016, and before Oct. 1, 2017 4.276%
On or after Oct. 1, 2017, and before Oct. 1, 2018 4.264%

Loan Limits

  • Maximum amount is cost of attendance minus any other financial aid the student receives; no minimum award amount.

Repayment

Please visit studentloans.gov for detailed information or contact the lender.

Apply for a Federal Direct Graduate PLUS Loan

  • Online PLUS Request Process available through the Department of Education. Students will need their FAFSA PIN to log in to the Department of Education's secure site.
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