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Federal Graduate PLUS Loan

Graduate degree students are eligible to borrow under the Federal Graduate PLUS Loan Program up to their cost of attendance minus other estimated financial assistance. The terms and conditions applicable to Federal Parent PLUS loans also apply to Federal Graduate PLUS loans. These requirements include a good credit history, repayment beginning on the date of the last disbursement of the loan and a fixed interest rate.

Interest Rates and Fees

The interest rate on newly disbursed Federal Graduate PLUS Loans is fixed at 7.21%.  There is an origination fee of 4.292%.

  • If on or after July 1, 2015 interest rate is 6.84%
  • Origination after October 1, 2015 is 4.272%

Applicants for these loans are required to complete the Free Application for Federal Student Aid (FAFSA). They also must have applied for their annual loan maximum eligibility under the Federal Unsubsidized Loan Program before applying for a Federal Graduate/Professional PLUS loan.


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