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About the Federal Direct Graduate PLUS Loan

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.

  • File the Free Application for Federal Student Aid (FAFSA).
  • Apply for your maximum loan eligibility in unsubsidized loans.
  • Borrow as a graduate or professional student. Parents of graduate students will not be eligible to borrow the loan.
  • Pass a basic credit check.

How to Apply

Annual Loan Limit

Borrower may borrow the difference between the total cost of the student's education minus any aid the student will receive.


  • Repayment begins within 60 days after the final disbursement of each loan.
  • The maximum repayment period is 10 years, and the minimum monthly payment is $50.00.
  • You may be eligible to defer payments while you are enrolled at least half-time, unemployed, experiencing economic hardship or otherwise unable to make any scheduled payment.

Interest Rate

The Federal Direct Graduate PLUS Loan interest rate is fixed at 5.30% as of July 1, 2020.

Loan Fees

Effective October 1, 2020, a loan fee of 4.228% of the principal amount of each loan a student receives will apply. The fees are deducted from your loan prior to disbursement.