Direct PLUS Loan for Graduate Students
PLUS loans can help pay for educational expenses not covered by other financial aid. To be eligible for a Direct PLUS loan you must be a graduate student enrolled at least half-time at an eligible school in a program leading to a graduate degree and not have adverse credit history. You may only borrow this loan if there is remaining need in your financial aid budget after all other aid has been awarded.
To apply for a Direct PLUS Loan for Graduate Students:
- Complete the FAFSA (studentaid.gov/).
- Meet the general eligibility requirements for federal student aid.
- Apply online at studentaid.gov/.
- Complete a Direct PLUS Loan Master Promissory Note (MPN), agreeing to the terms of the loan.
- Graduate or professional students who haven't previously received a PLUS loan will also be required to complete entrance counseling (studentaid.gov/).