Direct Graduate PLUS Loan

Student TeacherThe Direct Graduate PLUS Loan is a non-need-based loan with the US Department of Education serving as lender.

The loan is unsubsidized and the borrower is responsible for the interest from the disbursement date. Payments begin when the loan is fully disbursed but may be deferred while the student is in school at least half time.

Interest Rates and Origination Fees

  • The interest rate for loans first disbursed after July 1, 2020, is fixed at 5.30%.
  • The origination fee for loans first disbursed after October 1, 2020, is 4.228%.

Interest rates and origination fees are subject to change. Use our Loan Fee Calculator to help determine your origination fees when figuring loan amounts. 

Application Procedures

To be considered for a Direct Graduate PLUS Loan, students must:

Selection Criteria

To qualify for a Direct Graduate PLUS Loan, students must:

  • Meet all eligibility requirements to receive Title IV Aid;
  • Be a graduate student enrolled at least half time (5 credits); and
  • Meet the credit requirements.

Award Amounts

  • Up to the full cost of attendance, less other financial aid, including other loans