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
complete a Grad PLUS Master Promissory Note (MPN) and Graduate
Entrance Counseling for NAU at www.studentloans.gov
- Grad PLUS loan funds will pay charges
(tuition, fees, housing and other current charges) on the student
- 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 Scholarships and Financial Aid, who will hold the
application as pending until an endorser is obtained or an appeal is
of Education will send the student documents regarding the denied Grad
PLUS loan application. If desired, the endorser can initiate the endorsement
process or the student can initiate the appeal process online at www.studentloans.gov with his/her PIN.