Direct Graduate PLUS Loan

The Direct Graduate PLUS Loan is a non-need-based loan with the U.S. 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 

• The interest rate for loans first disbursed after July 1, 2024 is fixed at 9.083%.
• The interest rate for loans first disbursed after July 1, 2025 is TBD.

Origination Fees

• The origination fee for loans first disbursed after October 1, 2023 is 4.228%.
• The origination fee for loans first disbursed after October 1, 2024 is TBD.

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:

• File a FAFSA;
• Complete remaining steps in the Apply for Loans process.

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