Fordham University            The Jesuit University of New York

Federal Direct Graduate PLUS Loan

All Summer 2013 Loan Requests should be submitted no later than June 15, 2013

As of July 1, 2013, the origination fee on all Federal Grad PLUS Loans will increase from 4% to 4.204%. Therefore, students should complete all the requirements to receive your summer loan(s) before June 15, 2013. This legislation was part of the federal Sequester budget cuts that went into place on March 1, 2013.

In addition, loans processed after July 1, 2013 will be more at risk of being delayed because they will be processed manually with the Dept. of Education.

Interest Rate: 7.9%

Origination Fees: 4% or 4.204% after 7/1/13

Eligibility for this credit based loan is based on a federal credit criterion that puts emphasis on the absence of negative credit entries rather than credit score. Based upon the borrower's credit worthiness, a parent may borrow up to the student's cost of attendance minus all other aid from this federally guaranteed loan program.

Click here to view more details on the PLUS loan and application criteria details

Select your school to request your Graduate PLUS loan.

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