PLUS Loans for Graduate Students

The Graduate PLUS is a federal borrowing opportunity for students who have a baccalaureate degree and are enrolled in a degree-seeking graduate or professional program. The interest charged on the Graduate PLUS borrowed between July 1, 2015 and June 30, 2016 is 6.84% and there is a 4.292% origination fee. Repayment is typically figured for a period of 120 months and begins when you are no longer enrolled at least half-time. Monthly payments are approximately $12.50 for each $1000 borrowed. Click here to learn more about the Graduate PLUS. 

The Graduate PLUS loan application process is done online at You will first need to log into the site using your U.S. Department of Education PIN. If you do not have a PIN you can request one at this site. If you are first-time Grad PLUS borrower, upon loan approval, you will be required to complete federally-mandated entrance counseling. Also, first-time borrowers will need to complete a Master Promissory Note. You should do this before leaving the loan application website.

Federal Regulations require Graduate PLUS borrowers to complete Entrance Counseling. Entrance Counseling provides information on the loan and loan program, interest rates, and estimated monthly payments. To complete this requirement login at and under "Counseling Type" select "entrance counseling as a graduate or professional student."