Federal Direct Graduate Plus Loan
This loan is a credit-based, unsubsidized loan for graduate or professional students. Although not a need-based loan, a Federal Direct Graduate PLUS Loan requires a student to complete the FAFSA. During the application process, a credit check and a Master Promissory Note are also required. The student must be enrolled at least half-time in a degree-seeking program. Students can borrow up to your remaining Cost of Attendance, less all other financial assistance received. Interest is charged during all periods, starting on the date which the loan is disbursed to the student. Direct PLUS Loans do not have a grace period. The repayment begins as soon as the loan is fully disbursed, but students may defer repayment while they are enrolled at least half time and for an additional six months after they drop below half time.
The amount listed on your financial aid award as [Allowance for Grad PLUS Loan]represents the maximum amount that you COULD borrow through a credit-based Federal Direct Graduate PLUS Loan. This amount reflects the estimated direct and indirect costs associated with the respective term(s).
If you decide to apply for a loan, you can begin the application process below.
To Start the Loan Process:
- Visit StudentLoans.gov and sign in using your (the student’s) information.
- Select the Request a PLUS option and select the Graduate PLUS loan type.
- Follow the instructions to complete Steps 1 to 4, and a credit check will be conducted during Step 4.
- A result of your credit check will be presented to you on the screen as well as emailed to your email address on file with the U.S. Department of Education.
- If your credit check is approved, electronic confirmations of your credit decision and Direct Graduate PLUS Loan application will be sent to the Office of Student Financial Assistance.
- If your credit check is denied, an electronic confirmation of your denied credit decision will be sent to the Office of Student Financial Assistance. You will be prompted with additional options on StudentLoans.gov or click here to view these options below.
The student must complete a credit check and the Master Promissory Note before the funds from the Direct Graduate PLUS Loan can disburse to the student’s account.