Federal Direct Graduate PLUS Loan

Federal Direct Graduate PLUS Loan Borrower Instructions

  1. Go to StudentAid.gov
  2. Click on the tab "In School"
  3. Under "Popular Topics" click on "Apply for a PLUS Loan for Graduate School"
  4. Log in using your FSA User ID
  • Please be sure to complete the Master Promissory Note for the Graduate PLUS loan which is part of the application process.
  • All Graduate PLUS Loan funds will be processed as a Fall/Spring loan with two equal disbursements unless specified during the loan application process.  If you choose "Maximum Loan Amount," "Unknown" or "School Credit Balance Options", on the application, please be aware your loan amount will be calculated by subtracting your student's aid package from the overall cost of attendance. Please have your student visit "YOUR CONNECTION" for exact cost of attendance figures.  
  • It will take approximately 2-3 weeks for the Financial Aid Office to process your Federal Graduate PLUS loan.


Federal Direct Graduate PLUS Loan

To be eligible for the Graduate PLUS Loan you must be a graduate student enrolled at least half time, be credit worthy, and have exhausted the maximum amount in Stafford loans.  There are no set limits for Direct Graduate PLUS Loans, but you may not borrow more than the cost of education minus any other financial aid received.  If you are found to have an adverse credit history, you may still borrow a Graduate PLUS Loan if you get an endorser who does not have an adverse credit history. (Refer to Step 1 above and select "Endorse a PLUS Loan")An endorser is someone who agrees to repay the Direct PLUS Loan if you do not repay the loan. 

Origination Fees 

Academic Year  Origination Fee
Loan disbursed on or after Oct 1, 2021 4.228%

Interest Rate

Academic Year  Interest Rate
2023-2024 8.05%

Helpful Links

Master Promissory Note

Direct Loan Applicant Services
Phone No: 800.557.7394
Email: CODsupport@acs-inc.com
Fax: 877.623.5082

Direct Loan Borrower Services

Direct Loan Consolidation

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