loans

federal Direct Graduate Plus Loan

The Federal Direct Graduate PLUS Loan is a low-interest loan that can assist a student pursuing a graduate or professional degree in paying for college. Since it is a non-need based loan, it often represents a viable option for individuals who do not show federally determined financial "need."

Find more information about the Federal Direct Graduate PLUS Loan. Calculate your repayments with the repayment calculator.

If you would like to apply for the Federal Direct Graduate PLUS Loan, you should complete, sign, and return the application below to our office.

2011-2012 Graduate PLUS Direct Loan Application

2010-2011 Graduate PLUS Direct Loan Application

Interest Rates

The interest rate for Direct PLUS Loans is a fixed rate of 7.9%.

Origination Fee

There is an origination fee of 4.0% of the loan amount, deducted proportionally each time a loan disbursement is made.

Up-Front Interest Rebate

You may receive an up-front interest rebate on your Direct PLUS Loan. The rebate is equal to a percentage of the loan amount that you borrow. This is the same amount that would result if the interest rate on your loan were lowered by a specific percentage, but you receive the rebate up front.

To keep an up-front interest rebate that you receive on your loan, you must make all of your first 12 required monthly payments on time when your loan enters repayment. “On time” means that payment is received no later than 6 days after the due date.

You will lose the rebate if you do not make all of your first 12 required monthly payments on time. If you lose the rebate, the rebate amount will be added back to the principal balance on your loan account. This will increase the amount that you must repay.