Graduate PLUS Loan


A Direct PLUS Loan is a non-need-based loan that is available to graduate students to aid in paying for educational expenses.

Thinking of taking out a student loan? See what your loan repayment will look like by using the Loan Simulator at STUDENTAID.GOV.  


  • Complete the FAFSA.
  • Complete the Graduate PLUS Loan Application.
  • Enroll in at least 4.5 eligible credit hours each semester.
  • E-sign a Master Promissory Note (MPN).
  • Must complete Student Loan Entrance Counseling for Graduate or Professional Students at STUDENTAID.GOV.
  • Must have acceptable credit. The US Department of Education will run a credit check.

Award Amount

The maximum loan amount is the cost of attendance (determined by the school) minus any other financial aid received.

Loan Fees

There is a loan fee on all PLUS loans.

The loan fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement.

Current Loan Fee Percentage

Interest Rate

Learn about interest rates and how much it costs to pay a loan back.

Current Interest Rates

Continued Eligibility

  • Complete a new FAFSA each award year.
  • Meet Satisfactory Academic Progress each semester.
  • Meet all other eligibility requirements.
  • Complete the Graduate PLUS Loan Request each year.
  • E-sign an MPN if it has expired.
  • Prove credit worthiness by passing a credit check each year a PLUS loan is requested.


Exit Loan Counseling


If a student who received federal loans withdraws, drops below half time enrollment, or graduates, they are required to complete Exit Loan Counseling at STUDENTAID.GOV. 

To Whom Your Federal Student Aid Information is Sent

Federal Pell Grant and Loan information is sent to the U.S. Department of Education. This information is then included in the National Student Loan Data System (NSLDS) and is accessible to you and authorized agencies, lenders, servicers, and institutions.

View Your Pell Grant & Loan History