Grad PLUS Loan

Before borrowing:

Before borrowing, explore all other options available including work, scholarships, and grant assistance.

• See Direct Loan Limits by Degree.
• Graduate students must utilize the full amount of their Unsubsidized loan before requesting Graduate PLUS Loan at studentaid.gov.

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, 2021 (and before October 1, 2024)
Interest Rate	Interest rates are subject to change every July 1 9.083% fixed rate on loans disbursed between July 1, 2024 - June 30, 2025
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 term). 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.