Federal Direct PLUS Loan for Graduate Students
For more information on Direct PLUS Loan program, interest rates and fees, terms, and loan limits; please visit the Federal Student Aid website.
Graduate students are eligible to borrow through the Direct PLUS Loan program. You must not have an adverse credit history. The maximum loan amount is the cost of attendance minus any other financial aid received. Please follow the steps to apply outlined below.
- Apply for a PLUS Loan
- Complete Loan Agreement for a PLUS Loan (MPN)
What if I'm not approved?
If you were initially declined for the PLUS loan you can either obtain an endorser (cosigner), or choose to appeal the reason you were declined.
Call the Direct Loan Servicing Center for instructions at 800-557-7394. You will receive an answer regarding your appeal within 7-10 business days of all required documentation for the appeal being received. You will need to complete PLUS Credit Counseling.
If you elect to use an endorser, you must start by having the endorser get their own Federal Student Aid ID. Once the endorser's FSA ID is active, they will log into the studentaid.gov site and select "Endorse a PLUS Loan." The endorser must pass a credit check. If approved, they will be asked to note how much they are willing to endorse. The PLUS loan amount cannot exceed what the endorser is willing to guarantee. Lastly, the borrower signs the Loan Agreement for a PLUS Loan (MPN). The endorser does not sign the Loan Agreement.