Graduate PLUS Loans
A Graduate or professional student who wishes to borrow a Direct Graduate PLUS Loan must complete a Direct Grad PLUS Loan Request Form and must have completed a Direct Grad PLUS Loan Master Promissory Note (Direct Grad PLUS MPN).
The terms and conditions applicable to Direct Parent PLUS Loans also apply to Graduate Direct PLUS loans. These requirements include a determination that the applicant does not have an adverse credit history, repayment beginning on the date of the last disbursement of the loan, and a fixed interest rate of 7.9 percent.
Applicants for these loans are required to complete the Free Application for Federal Student Aid (FAFSA). They also must have applied for their annual loan maximum eligibility under the Federal Subsidized and Unsubsidized Stafford Loan Program before applying for a Graduate PLUS loan.