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Federal Graduate PLUS Loan

The Federal Graduate PLUS Loan Program is designed for graduate students to help cover the estimated cost of education. This loan does not have an aggregate borrowing limit; however, the annual borrowing limit equals to the cost of attendance minus other financial aid awarded to a student. The Graduate PLUS loan is a non-need-based loan with a fixed interest rate, and borrowers are required to have a good credit history in order to qualify for this loan. The loan is typically disbursed twice during an academic year.



To qualify for the Graduate PLUS Loan, you must:

  • Be a U.S. citizen or legal non-citizen
  • Not be in default on any type of federal loan
  • Pass a credit check conducted by the loan servicing agency*

*An applicant with an adverse credit history may receive the loan if they obtain an endorser (loan co-signer) who passes the credit check. A student with an endorser or “extenuating circumstances” will be required to do PLUS loan counseling provided by the Department of Education before the loan can be disbursed.

Graduate PLUS Loan Processing

To be considered for the for the Federal Graduate PLUS Loan, students must file the FAFSA and have Federal Graduate PLUS Loan listed on their financial aid award on their TitanWeb account.

The steps below are completed online at to apply for a Grad PLUS loan for the 2023-2024 School Year.

Step 1: PLUS Loan Application

All Federal Graduate PLUS Loan borrowers must complete the PLUS Loan Application to receive their loan.  This application must be completed every year you wish to receive a loan. 

Follow the steps below to complete the PLUS Loan Application:

  1. Go to
  2. Click on “Log In” using the Federal Student Aid ID (FSA ID).
    • This is the same FSA ID that is used to file the FAFSA.
  3. From the “Loans and Grants” menu at the top of the page, select “PLUS Loans: Grad PLUS and Parent PLUS.”
  4. In the “I am a Graduate or Professional Student” box, click on “Learn More” and then “Start.”
  5. From there, follow the on screen directions. 

Step 2: Master Promissory Note

All first-time Federal Grad PLUS Loan borrowers must complete a Master Promissory Note (MPN) to receive their loan.  The MPN is the agreement you sign acknowledging the Federal Grad PLUS Loan is a loan that you must repay. 

Follow the steps below to complete the MPN:

    1. Go to
    2. Click on “Log In” using the Federal Student Aid ID (FSA ID)
      • This is the same FSA ID that is used to file the FAFSA.
    3. From the “Loans and Grants” menu at the top of the page, select “Master Promissory Note (MPN).” 
    4. Select “Start” on the “I’m a Graduate/Professional Student” box and enter the information requested.
    5. Once done with all sections of the MPN, be sure to click on “Submit.”
  • If the request is denied, the student has the option to pursue a co-signer. Please contact the Department of Education at (800) 433-3243 for more information.
  • Loans cannot be disbursed unless the request form and MPN are completed.

Interest Rates and Repayment

The repayment period for Federal Graduate PLUS loans starts 60 days after the loan is fully disbursed. Students may choose to defer payments on a Federal Graduate PLUS Loan until six months after the the students graduates or ceases to be enrolled halftime.* Students also have the option to pay accruing interest monthly or quarterly, or allow the interest to be capitalized quarterly.


  • Loans after July, 1, 2023: 8.05%
  • Loans after July 1, 2022: 7.54%
  • Loans after July 1, 2021: 6.28%
  • Loans after July 1, 2020: 5.30%
  • Loans after July 1, 2019: 7.08%


  • Oct. 1, 2020-Sept. 30, 2022: 4.228%
  • Oct. 1, 2019–Sept. 30, 2020: 4.236%
  • Oct. 1, 2018–Sept. 30, 2019: 4.248%
  • Oct. 1, 2017–Sept. 30, 2018: 4.264%

*Only applicable to loans disbursed after July 1, 2008.

Additional Information

  • If you are applying for a Graduate PLUS Loan for more than one dependent, you must complete a separate application and MPN for each student.
  • Multiple Graduate PLUS Loans can be borrowed on a single MPN for up to 10 years.
  • Loan funds are electronically disbursed to the student’s account to pay for education related expenses (tuition, fees, room, meal plan, etc). 

Hours and Location

Dempsey Hall, Room 104
Walk-In Hours:
Mondays and Fridays
8:00 a.m.–4:00 p.m.
Tuesday, Wednesday, Thursday
10:00 a.m. - 3:00 p.m.
Schedule an appointment with your fiancial aid Counselor
Office Hours: 8 a.m.–4:30 p.m.

Mailing Address

Financial Aid Office
UW Oshkosh
800 Algoma Blvd.
Oshkosh, WI 54901

Contact Us
 (920) 424-3377
Fax: (920) 424-0284