(Graduate and Professional Level students Only)
Graduate students are eligible to apply for the Graduate PLUS Loan to assist with their educational needs. Eligibility for this loan will be based on a credit check performed by the Department of Education upon receipt of the Graduate PLUS Loan application.
To apply for the Graduate PLUS Loan, visit https://studentaid.gov/mpn. The application opens on/after April 1st for each upcoming academic year. Students must use their own FSA ID to log in to the loan application.
Graduate borrowers must complete a PLUS Loan Master Promissory Note (MPN) before loan(s) will be processed and disbursed. Complete this step online at studentaid.gov/mpn. Graduate Plus Loans borrowers are also required to complete Graduate Plus Entrance Counseling found at studentaid.gov/entrance-counseling (select Log in to Start in the "I am a Graduate or Professional Student" section). All loans must be processed and disbursed prior to the end of each academic semester.
Once the Financial Aid Office receives the application from the Department of Education, we will update the financial aid award to reflect the approved/requested Graduate PLUS Loan amount.
In the event that an endorser (co-signer) is required for loan approval, you will be required to complete mandatory PLUS Loan Credit Counseling.
*Important Note for all PLUS Loan Borrowers- There is a question on the PLUS Loan application that asks whether you wish to defer loan payments while you/your student is enrolled in school. If you wish to defer loan payments, you MUST answer this question accordingly.
2022-2023 Federal Direct Graduate PLUS Loan Interest Rate
The 2022-23 interest rate for Federal Direct Graduate PLUS Loans Loans disbursed between July 1, 2022, and June 30, 2023, is 7.54 percent fixed.
Origination Fee
All Direct Plus Loans are subject federal origination fee which is subtracted from the loan at the time of disbursement. The origination fee for Federal Plus Loans from July 1, 2021 till June 30, 2022 is: 4.228%.