Direct PLUS Loan (Parent and Graduate Students)
This loan has a fixed interest rate and may be available to the parents of dependent students and to graduate students regardless of need. See the Direct Loan Interest Rates and Direct Loan Origination Fees tables for rate and fee details. Borrowers must complete a PLUS Application, pass a credit check, and complete the Master Promissory Note (MPN). Graduate students must complete Entrance Counseling. PLUS loans go into repayment 60 days after the last disbursement, but can be deferred with continuous enrollment.