Graduate PLUS Loan

View the Loan Application Process

The Direct Graduate PLUS Loan is an excellent option to assist in financing a college education. It is available to Graduate students enrolled at least half time (at least 3 units per semester). Generally, a student can borrow up to the Cost of Attendance less any other Financial Aid he or she is receiving. If you have questions, please contact the Financial Aid Office.

Repayment

Interest begins to accrue after the first disbursement, and payment of principal and interest begins 60 days after the final disbursement.

ACADEMIC YEAR FIRST DISBURSEMENT LOAN TYPE INTEREST RATE

2015-16

On or after July 1, 2015 and
before July 1, 2016

Graduate PLUS Loan  6.84%

2016-17

On or after July 1, 2016 and
before July 1, 2017
Graduate PLUS Loan  6.31%

VIEW REPAYMENT ESTIMATOR

Origination Fee

All Direct PLUS Loans are subject federal origination fee which is subtracted from the loan at the time of disbursement.

First Disbursement Loan Fee Fee on a Loan Amount Of
On or after October 1, 2015 and 
before October 1, 2016
4.272% $427.20 on a $10,000 loan
On or after October 1, 2016 and 
before October 1, 2017
4.276$  $427.60 on a $10,000 loan

 

Annual Loan Amount

When completing the loan application, the Graduate student will have the option to either:

  • "specify a loan amount" OR
  • "borrow the maximum Direct Graduate PLUS Loan amount for which I am eligible, as determined by the school"

If an adjustment to the amount of the Direct Graduate PLUS Loan is needed for any reason, the student must complete and submit a Loan Change Request Form before the start of the term.

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