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Federal Direct Graduate Plus Loan

The Federal Direct Graduate PLUS Loan is a supplemental alternative financing option for students.  This federal program permits Graduate students to apply for up to their Cost of Attendance minus any financial aid.  As such, a student must be considered for their Federal Direct Student Loan eligibility prior to a Direct PLUS loan.  To be approved for this credit based loan, the student borrower cannot have an adverse credit history.  The interest rate is fixed at 7.21%.  

Eligibility for the Direct Graduate PLUS Loan is based on the borrowers credit worthiness. The U.S. Department of Education will run a credit check to determine if you are eligible for the loan.  Graduate students are encouraged to apply for a loan for the entire academic year rather than applying prior to each trimester. 

If APPROVED for the Direct Graduate PLUS Loan, a PLUS Master Promissory Note (MPN) must be completed.  The MPN is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education.  It also explains the terms and conditions of your loan(s).

The Direct Graduate PLUS Loan is normally payable in equal disbursements, one third of the total in each trimester, and will not be disbursed to the student's Bursar account until the first day of the trimester.  There is a 4% fee that is deducted from the loan before it is disbursed to the University.  

When applying for the Federal Direct Graduate PLUS Loan you will be directed to log into the website using the same PIN you used to electronically sign your FAFSA  Follow the instructions to "Complete PLUS Request Process".  If you have forgotten your PIN go to  


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