Federal Direct Graduate PLUS Loan

Graduate PLUS Loans are not automatically awarded by the Financial Aid Office, and require a credit application available on studentaid.gov (in addition to the FAFSA).

Read more on How to Apply for a Loan.

  • Loan Limit: Up to the cost of education, (or student budget), as determined by the school, less other financial aid awarded.
  • Interest Rate: adjusts annually on July 1st and is fixed for the life of the loan. For loans disbursed between 7/1/23 and 6/30/24, the rate is 8.05%.
  • Origination Fee: 4.228% for loans disbursed on or after 10/1/20 and before 09/30/24.
  • Eligibility: US Citizens or Permanent Residents, who file the FAFSA, are enrolled at least half time and awarded a Direct Unsubsidized Loan.
  • Credit Requirements:  Based on federal standards.  Borrowers must have no adverse credit [PDF]. Credit score is not used.
  • Repayment Terms: Repayment begins when loan is fully disbursed, however, students enrolled at least half-time qualify for In-School Deferment.  While enrolled, borrowers may elect to make interest-only or full payments. See the Loan Repayment section of our website for complete information on repayment options.