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Office of Financial Aid

Understanding Your Award Letter

Direct Graduate PLUS Loans

Direct Graduate PLUS loans have a fixed interest rate of 6.84% for loans with a first disbursement after July 1, 2015. The interest is not subsidized while the student is in school. A 4.272% origination fee is deducted from each disbursement.

Students may choose to defer payments on a Direct Graduate PLUS loan until six months after they graduate or drop to less than half-time enrollment. Accruing interest can either be paid by the student borrower monthly or quarterly, or be capitalized quarterly. The repayment term is up to 10 years.

Eligibility for the Direct Graduate PLUS loan depends on a modest credit check that determines whether the student has an adverse credit history.


Graduate PLUS Application: Please complete the Graduate PLUS application and forward it to the Office of Financial Aid as soon as possible or complete the application online at