How can I find more information about Federal Direct Graduate PLUS Loans?

Federal Direct Graduate PLUS Loan

Direct Lending Graduate PLUS Promissory Note (Log In with your verified FSA ID)

This program allows graduate students who do not have an adverse credit history to borrow up to the full cost of attendance, less other financial aid received, including Federal Direct Unsubsidized Loans. The interest is fixed at 7.079% for loans first disbursed on or after July 1, 2019. (the 2018-19 rate for loans first disbursed July 1, 2018-June 30, 2019 was 7.6%).  Interest accrual begins on the date of the first disbursement; the first payment is due within 60 days after the final disbursement.

Colleges determine eligibility for Federal Direct Unsubsidized Loans before determining any remaining eligibility for a Federal Direct Graduate PLUS Loan. The Office of Financial Aid will calculate the maximum a student may borrow through the Direct Graduate PLUS Loan program after completion of the Federal Direct Unsubsidized Loan application process.

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Details

Article ID: 52696
Created
Wed 4/25/18 5:28 PM
Modified
Fri 5/31/19 4:25 PM