Federal Direct Graduate PLUS Loans
Graduate PLUS loans are available for graduate students to help cover the Cost of Attendance. The maximum annual amount allowed for a Graduate PLUS loan is Cost of Attendance less other financial aid. Interest rate is a fixed rate of 7.90% and is charged from the time funds are disbursed to the time the loan is paid in full.
Eligibility for the Graduate PLUS loan is based on the following criteria:
Student submitted Free Application for Federal Student Aid available at www.fafsa.ed.gov (FAFSA)
Student is degree-seeking graduate student enrolled at least half time (5 hours) per semester
Student must pass U.S. Department of Education credit check
Student must complete the Graduate PLUS Application, available at www.studentloans.gov
