Graduate PLUS loans

Graduate or professional students are eligible to borrow under the PLUS Loan Program up to their cost of attendance minus other financial aid received. The maximum amount that can be borrowed is indicated on their financial aid offer as "Your Other Loan Eligibility-G".

  • Graduate students who wish to borrow a Graduate PLUS Loan must apply at A Federal Student Aid (FSA) User ID and password are required.
  • All first-time Graduate PLUS Loan borrowers must complete the Direct Grad PLUS Master Promissory Note (MPN) and the Graduate Entrance Loan Counseling. The Annual Student Loan Acknowledgement (ASLA) will also need to be completed prior to the first disbursement of every award year. ASLA has been postponed until the 2022-23 award year.
  • The applicant must not have an adverse credit history.
  • Repayment begins once the student is no longer enrolled at least half-time.
  • Graduate PLUS Loans have a fixed interest rate of 6.28% for the 2021-22 academic year with a 4.228% origination fee deducted from the loan prior to disbursement. The rate for 2022-23 will be set in June 2022.
  • Applicants for these loans are required to complete the Free Application for Federal Student Aid (FAFSA).
  • Direct Graduate PLUS Loan funds are applied electronically to the student's bill.



To be eligible, the student must: 

  • be creditworthy
  • be a U.S. citizen or eligible non-citizen, and provide a valid Social Security Number
  • complete a Free Application for Federal Student Aid (FAFSA)
  • be admitted to a graduate program
  • be enrolled at least half-time 

Some Graduate PLUS Loan applicants may require an endorser to be credit-eligible for this loan. Tips for Selecting a Co-Signer.