Applying for a Federal Graduate PLUS Loan

The Federal Direct Graduate PLUS Loan may be an important funding source for students who need more loan funds than the Federal Stafford Loan can provide. To qualify for a Graduate PLUS Loan, you must be a U.S. citizen or eligible non-citizen, degree-seeking and enrolled at least half-time or for 6 hours. The Graduate PLUS has a fixed interest rate of 7.9%. Direct Grad PLUS loans are charged a fee by the federal government that will be deducted from each loan disbursement. This loan is not based on need, although you are required to file the FAFSA and must first be offered your Stafford loan eligibility. The loan does require credit approval as defined by Federal Regulation. However, the credit criteria for the Graduate PLUS are less stringent than for private education loans. You may borrow up to the full cost of attendance (as defined by the Emory Office of Financial Aid) minus other aid. Interest will be charged from the time the loan is disbursed until it is paid in full, Graduate PLUS borrowers will receive in-school deferments while enrolled at least half-time. This loan may be included in a Federal Consolidation Loan. Repayment begins 6 months after the borrower ceases to be enrolled at least half-time, withdraws or graduates.

Please see the Instructions for Applying for a Federal Direct Graduate PLUS Loan.