PLUS loans for graduate Students
There is a PLUS loan available to graduate students to
fund your education. This loan does not involve a parent borrower. If you are a
graduate student wishing to borrow a Grad PLUS loan, you must:
the Grad PLUS Loan Application at studentloans.gov .
- Completing the
will need to use their PIN that was created for the FAFSA. If a
new PIN is needed or forgotten, go to pin.ed.gov.
credit check is done immediately, and the student will be given options
based on the credit decision.
application is sent electronically to the Office of Student Financial
Aid, who will award the student, based on the outcome of the
- If approved, the student must also complete
a Grad PLUS Master Promissory Note (MPN) prior to funds being
will accept or decline the loan after the credit check results are
received by NAU.
- Student will
sign the PLUS MPN at studentloans.gov using their
PLUS loan funds will pay charges (tuition, fees, housing and other
current charges) on the student account. A refund for any excess
funds will be deposited into the student's account electronically
(if direct deposit is set up) or mailed in the form of a check to the
student's address on record.
- If denied, the student will have three
The credit decision will be sent electronically to the
Office of Student Financial Aid, who will hold the application as pending until
an endorser is obtained or an appeal is granted.
The Department of Education will send
the student documents regarding the denied Grad PLUS loan
application. These documents will include endorser/cosigner information
along with an appeal form. If the student will seek an endorser/cosigner
or appeal the decision, please contact the Office of Student Financial Aid at
928-523-4951 or Financial.Aid@nau.edu
as soon as possible. Failure to do so could lead to your pending
loan being cancelled.