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Grad PLUS Loans

Graduate and professional degree students can apply for a Direct Graduate PLUS Loan to help cover educational expenses.

Eligibility Requirements

Application Process

How Much Can Grad Students Borrow?

Students are eligible to borrow up to their cost of attendance minus other estimated financial aid. Estimated financial aid includes federal/state grants, scholarships, federal work-study, federal student loans, tuition discounts, or any other aid paid by a third-party. 

Examples (for estimation purposes only):

  Student A Student B Student C Student D
Cost of Attendance (budget) for fall/spring $23,151 $23,151 $23,151 $23,151
- Estimated Financial Aid $5,500 $9,000 $12,000 $23,151
= Max Direct PLUS Loan Eligibility $17,651 $14,151 $11,151 $0


Interest Rates and Fees

PLUS Loans have a fixed interest rate for the life of the loan. In addition to interest, the U.S. Department of Education automatically deducts a loan fee from each loan disbursement before the money is credited to the student’s account. For current interest rate and fee information, visit the Direct Loan website or call the Direct Loan Servicing Center at (800) 848-0979 (TTY 1-800-557-7395).

When Does Repayment Begin?

Repayment of the Direct Grad PLUS Loan begins six months following graduation or when a student is no longer attending at least half-time. During periods of deferment, interest will continue to accrue.