The amount of GRAD PLUS Loan listed on your Award Letter is the maximum amount you are eligible to borrow.  You may borrow any amount up to this maximum.

Unlike Federal Direct Loans, GRAD PLUS Loans require credit approval.  There is no debt to income ratio involved but you must have good credit.  If credit is not approved, the student will have an opportunity to appeal the credit decision or obtain a co-signer for the loan approval.

Step 1

Proceed to the federal student aid's Direct Lending website and sign in with your FSA ID. https://studentloans.gov

Step 2

Select "Request a PLUS Loan" then choose Grad PLUS Loan.  This initiates the credit check.

Step 3

Complete a Master Promissory Note (MPN).

You have the right to cancel or reduce the amount of your awarded loan by contacting the Financial Aid Office.