Overview: Federal Direct PLUS Loans
The Federal Direct PLUS Loan Program are for graduate students and the parents of dependent undergraduate students who meet the following criteria:
- Enrolled in an eligible degree-seeking program
- Enrolled at least half-time (6 credits for undergraduate students, 4 credits for graduate/professional students)
The lender is the U.S. Department of Education rather than a bank or other financial institution. There are two types of federal Direct PLUS loans and your eligibility for both is determined using your financial aid application.
Interest rate for the 2011-2012 academic year:
- PLUS loans have a 7.9% fixed interest rate
Please click on the links below to view information for the Federal Direct PLUS Loans: