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 private-lender loan.

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 requirements.