Federal Direct Graduate PLUS Loan
Students may borrow up to their full cost of attendance minus any other financial aid they receive. We encourage students to limit borrowing to only what is necessary to cover educational expenses.
Interest Rate and Origination Fee
The interest rate is fixed at 8.05% for loans disbursed between July 1, 2023, and July 1, 2024. Interest begins to accrue upon disbursement.
There is a 4.228% origination fee deducted from each loan disbursement. The actual disbursement amount is approximately 95.772% of the borrowed loan amount.
Repayment begins 60 days after your loan is fully disbursed. During the application process, you are given the option to defer repayment until after you graduate or your enrollment drops below half time.