Grad PLUS

Quick Links: Direct Grad PLUS Loan overview
                    DL Grad PLUS Request/MPN (MPN required for first time borrowrs only/ Request required annually)
                    DL Grad PLUS entrance counseling (first time borrowers only)
                    Compare GR PLUS and alternative loans

Lender: U.S. Department of Education
Initial eligibility application: Free Application for Federal Student Aid (FAFSA)
Eligibility requirements: Graduate student, enrolled at least half time (3 credits), making satisfactory academic progress
Current interest rates/fees / loan limits: DL Grad PLUS Loans
Process:

1. PLUS Request: Required annually; completed at www.studentloans.gov.
• Request includes loan amount options: Maximum (allows awarding to cover direct charges not covered by other aid) and specific loan request amounts.
• Revisions to your initial request may be made by contacting SFS.
2. DL PLUS MPN: Completed at www.studentloans.gov. A second MPN will be required if the previous MPN required an endorser or has otherwise become inactive.

Interest accrual begins: When funds are disbursed
Repayment begins: 6 months after ceasing at least half time enrollment in school
Paying accruing interest early: Direct Servicing
Repayment incentive benefit: Direct loan question center