Grad PLUS Loans

Graduate and professional degree students can borrow using the Direct GRAD PLUS Loan to help cover education expenses. If you are thinking that a Direct GRAD PLUS Loan is for you, here are some things to keep in mind:

• This type of loan is not based on your financial need.
• Your eligibility is determined by your credit history.
• The first payment of a GRAD PLUS Loan is due 60 days after the final disbursement; however, you may defer repayment while you are in school at least half-time.
• The maximum GRAD PLUS Loan amount you can borrow is determined by your cost of attendance minus any other financial assistance you will receive.

If you wish to apply for a Direct GRAD PLUS Loan, you may do so by completing the following steps:

1. Complete the FAFSA.
2. Complete the GRAD PLUS Loan Application.
3. Complete the Master Promissory Note (MPN) electronically at http://studentloans.gov.