Federal PLUS Loan for Graduate Students
A Federal Direct PLUS Loan is available for students seeking
a master’s or doctoral degree or in a graduate certificate program. Payments
are deferred while the student is enrolled at least half-time; however,
interest accrues beginning when the loan is disbursed.
A federal student loan is one of the best loans you’ll ever have
access to. If you have unmet costs after borrowing the annual limit of $20,500
in a Federal Direct Unsubsidized Loan, consider applying for the PLUS before a
Tips for applying:
- All borrowers must complete the FAFSA.
- Submit an online PLUS application; a
credit check is required to be approved for a PLUS loan.
- Sign an online PLUS
Master Promissory Note.
- Complete an online entrance
counseling loan session.
Visit the Graduate/Professional Students section of Federal
Student Aid for the
PLUS Loan application, Master Promissory Note, and entrance counseling