Direct PLUS Loan

The Direct PLUS loan (also known as Grad PLUS loan) is offered through the Department of Education to graduate and professional students.


Graduate or professional students enrolled at least half time who need to borrow more than the maximum Unsubsidized Loan amounts. You must pass a credit check for approval, unless you get the loan endorsed by someone who does not have an adverse credit history.


Cost of attendance minus other aid

Interest Rate

Fixed interest rate of 7.21% for Direct PLUS Loans first disbursed after July 1, 2014, to June 30, 2015

Loan Fees

The fee for a Direct PLUS Loan is 4.288% after 12/1/2013. Beginning October 1, 2014, the PLUS fee will change to 4.292%.


Payment of principal and interest begins 60 days after your loan is fully disbursed.

How to Apply

If you’ve borrowed your maximum annual Unsubsidized Loan but need additional funds, contact our office to find out if you’re eligible to apply for the Direct PLUS loan.

Once you determine your eligibility, you can process your PLUS loan.

More About Direct Loans

For more on Direct Loans, check out information from the U.S. Department of Education:

Apply for Aid

Process Your PLUS Loan

If you’ve applied for financial aid and want to borrow a PLUS loan, make sure you process your loan at least 1 month before you start classes.