Graduate PLUS Loans

Beginning July 1, 2026, federal law will change how graduate borrowing works.

Legacy borrowers, students who borrow a Graduate PLUS Loan before July 1, 2026:

• May borrow up to $20,500 per year through the Direct Unsubsidized Loan
• Additional funding through the Graduate PLUS Loan, which helps cover remaining educational costs up to the full cost of attendance

New borrowers, students who have not borrowed before July 1, 2026:

• May borrow up to $20,500 per year through the Direct Unsubsidized Loan
• Graduate PLUS Loans will no longer be available
• Students may have the option to explore private loans for additional funding

This federal loan program allows graduate students without an unfavorable credit history to apply for a loan. Repayment begins six months after the student is no longer enrolled at least half-time.

• Interest rate and loan fees for the year are determined annually on July 1
• Begin accruing interest at the time of disbursement (unless the borrower requests a deferment)
• Processing fee deducted from each disbursement
• First payment is due within 60 days of the final annual disbursement
• Must complete the Free Application for Federal Student Aid, or FAFSA
• Credit check required
• Minimum: $200
• Maximum: varies by student

PLUS loan application process