Federal Direct Grad PLUS Loan

Required Forms

FAFSA, Credit Review, Master Promissory Note, Entrance Counseling

Amount

Graduate students may borrow up to their cost of attendance, less any financial aid and other resources they are awarded.

Requirements & Criteria

Required Credits

Students must enroll in a minimum of 6 credit hours per term in a degree seeking program to be eligible. 

Criteria

Students must maintain Financial Aid Satisfactory Academic Progress & prove credit worthiness.

Renewal Criteria

Complete the FAFSA each year and have credit pre-approved.

Additional Information

Grad PLUS loans are administered by Federal Direct Lending. Repayment with 7.9% interest begins 60 days after the loan is fully disbursed.  Repayment can be deferred while the student is still enrolled at least half time as a degree seeking student. Student must first be evaluated for eligibility on Federal Direct Loans before PLUS loan funds will be awarded.  Visit the Department of Education website for complete details.