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Federal Graduate PLUS Loan

Before you borrow a Graduate PLUS loan, make sure you have utilized your Federal Direct loan eligibility first! 

Students enrolled at least half time (4.5 credit hours) in a graduate program of study are eligible to borrow a Federal Graduate PLUS loan. The Graduate PLUS loan is a great alternative to private loan borrowing, offering graduate students some loan benefits that private loans may not offer.

 

Please click here for current loan interest rates and loan origination fees.

 


New Grad PLUS Borrowers:

New Grad PLUS Loan borrowers, please complete the following steps:

1.) Go to: https://studentloans.gov  

  • Complete the PLUS Loan application and credit check
    (Financial Aid will be notified of completion) 

A credit check is associated with the Graduate PLUS loan application process. The Department of Education will perform the credit check to determine credit status.  If denied due to adverse credit, the Department of Education will give you instructions on how to apply for the loan with an endorser if you are able.  Please visit https://studentloans.gov for additional information on this process.

Skip the following steps if credit is denied

  • Master Promissory Note (MPN)
    (Financial Aid will be notified of completion)
  • Complete the Grad PLUS Entrance Counseling
    (Financial Aid will be notified of completion)
 

 






Returning Grad PLUS Borrowers:

Returning Grad PLUS Loan borrowers, please complete the following steps:

1.) Go to: https://studentloans.gov 

  • Complete the PLUS Loan application and credit check
    (Financial Aid will be notified of completion)

A credit check is associated with the Graduate PLUS loan application process. The Department of Education will perform the credit check to determine credit status.  If denied due to adverse credit, the Department of Education will give you instructions on how to apply for the loan with an endorser if you are able.  Please visit https://studentloans.gov for additional information on this process.



 

 

 

 

Your loan will be placed into deferment while you are enrolled at least half-time and for an additional six months after you cease to be enrolled at least half-time. The interest will accrue on the loan during the deferment. You may choose to pay the accrued interest or allow the interest to capitalize when the deferment period ends. Your loan servicer will notify you when your first payment is due. Loan servicer information can be found online:  https://www.nslds.ed.gov 

For a loan repayment calculator, click here.
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