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 degree program
  • 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 - 05/2015. 


Graduate PLUS Loan applications for Summer 2015 will be available on March 30, 2015.

Please read these instructions BEFORE accessing the application. 

  1. To apply you must click the Sign In button at the website provided in step 6 below
  2. Enter the student's FAFSA PIN (If you cannot remember your PIN number, go to and Request a Duplicate PIN, and then select "Display Now")
  3. To begin the PLUS Loan Application Process, select"Request a Direct PLUS Loan"
  4. Select Graduate PLUS
  5. Complete the four application steps
  6. Access the Graduate PLUS Loan Application at now!

Interest Rates

  • 7.21% Fixed
  • 4.292% Loan Origination Fee 


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

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.