The Federal Direct Graduate PLUS Loan is a low interest rate, unsubsidized loan for graduate and professional students. The program allows a graduate student to borrow up to the cost of attendance, minus any other financial aid received.
You must be a Graduate or Professional student enrolled at least half-time in a degree granting program.
Borrower may borrow the difference between the total cost of the student's education minus any aid the student will receive.
The Federal Direct Graduate PLUS Loan interest rate is fixed at 7.595% as of July 1, 2018.
Effective October 1, 2017, a loan fee of 4.264% of the principal amount of each loan a student receives will apply. The fees are deducted from your loan prior to disbursement.