Financial Aid

Federal Direct PLUS Loan for Graduate Students

The Federal Direct PLUS Loan for Graduate Students allows students to borrow funds beyond the limits of the Federal Direct Loan Program. The Grad/PLUS Direct Loan requires that the student borrower complete the FAFSA (Free Application for Federal Student Aid) online at, be enrolled a minimum of half-time status and maintain academic progress. Applicants must have their maximum eligibility in the Direct Loan Program before they can apply for the Grad/PLUS Direct Loan.

Borrowers are required to have a credit history without adverse entries.

GRAD PLUS Loans have a variable fixed interest rate of 7.21% for loans in 2014-2015. Repayment begins on the date of the last disbursement without a grace period. Borrowers may request a deferment of repayment while the borrower is in school at least half-time and during the six months after a student ceases to be half-time.

The application for Federal Direct Graduate PLUS is not an online process. Once your loan has been approved, you will able to complete a Master Promissory Note using your Federal Student Aid PIN at the website.

Federal Direct PLUS Loan for Graduate Students Application