Graduate PLUS Loans
The Federal 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.
Interest Rates and Fees for Federal Direct Loans
|Program of Study||Fixed Interest Rate||Loan Fees|
|Federal Direct PLUS Loan||7.9%||4.0% (see note below)|
The Federal Direct PLUS Loan has a 4.0% Loan Fee which will be deducted from the gross amount of the loan*.
Borrowers who fail to make 12 on-time monthly loan payments will be charged for the initial Rebate and it will be added to the outstanding balance of the loan.
If the first 12 monthly loan payments are made on time, the Rebate will become permanent.
*Please Note: The following describes the impact of Sequestration on the Title IV Student Financial Assistance Programs. For Direct PLUS Loans for both parent and graduate and professional student borrowers where the first disbursement of the loan is after July 1, 2013, the current loan fee of 4 percent will increase to 4.204 percent.