The Graduate PLUS Loan is a credit based loan available to graduate and professional students. Students who are approved may borrow up to the full cost of their education minus other financial aid.
Repayment on Graduate PLUS loans begins within 60 days after the final disbursement of the loan. Graduate PLUS loans may be deferred while the student is enrolled at least half-time.
The Graduate PLUS interest rate is fixed at 7.9%.
Starting March 1st, 2013, the origination fee for Graduate PLUS Loans is 4.204%.
*The 2013-2014 PLUS Application will be available at studentloans.gov on July 1, 2013.