Grad PLUS Loan
Grad PLUS — For graduate students after all other loans are awarded.
Am I eligible?
To find out if you have loan eligibility, check your financial aid award on AidLink. Your loan award may include a Grad PLUS Loan if you are a graduate student.
- Note: Graduate students may borrow only unsubsidized Direct loans. Learn more about unsubsidized loans.
Federal Direct Grad PLUS Loan
|Loan Components||Grad PLUS Loan
|Enrollment Requirement||Must enroll at least half time|
|Loan Origination Fee||4.228% of the amount borrowed of a loan first disbursed on or after October 1, 2020 (and before October 1, 2023)|
Interest rates are subject to change every July 1
7.54% fixed rate on loans disbursed between July 1, 2022 - June 30, 2023
|Capitalized Interest||Interest is charged from the date the funds are disbursed and capitalizes if not paid.
|Borrowing Limits||Graduate students can borrow up to their cost of attendance excluding other financial aid, resources and the annual loan limit. See Direct Loan Limits by Degree.|
|Borrowing Conditions||Graduate student should have already activated his/her annual unsubsidized loan.|
|Credit History||Acceptable credit required|
|Repayment||Usually begins within 60 days after the loan is fully disbursed (typically the spring
You may request a deferment while enrolled at least half time at an eligible school. Interest accumulates and capitalizes while in deferment.
Get more info
For detailed information on Direct PLUS Loans, visit the Direct Loan section of the Federal Student Aid website.