We suggest you utilize your Federal Direct Unsubsidized Loan eligibility before requesting a Graduate PLUS Loan.  The Federal Direct Unsubsidized Loan has a lower interest rate and also carries a lower origination fee

What You Need to Know Before Applying

• Fordham’s academic year begins with the fall term and ends with the summer term.  
• If you already have a Graduate PLUS Loan in place for this academic year and would like to increase it, visit "Increasing an Existing Federal Direct Graduate PLUS Loan". 
• The application process includes a credit check to ensure the student does not have an adverse credit history. 

What You Need to Know When Applying

Selecting your Loan Period

• 09/2020 to 12/2020  - one disbursement at the beginning of the fall term. 
• 09/2020 to 05/2021  - even disbursements across the fall and spring terms
• 09/2020 to 08/2021  - even disbursements across the fall, spring and summer  terms
• 01/2021 to 05/2021 - one disbursement at the beginning of the spring term.

Requesting The Amount of Your Loan

• Use the Cost of Attendance sidebar to help determine how much you should borrow.
• There is a 4.236% origination fee deducted from each loan disbursement.  To calculate the total loan amount you should request, divide the amount you need by 0.95764.  
  • For example: if you need $8,000 to cover your expenses, you should request $8,354 ($8,000/0.95764).
• We suggest requesting a specific loan amount, however, you also have the option of selecting “unknown” or “maximum” as your loan amount.  
• If you select either “unknown” or “maximum” as your loan amount, please provide Fordham with a specific loan amount. 

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Calculate the amount Select I will borrow. that will disburse.