The Federal Direct Graduate PLUS Loan is a loan program for graduate/professional students to supplement the Federal Direct Unsubsidized Student Loan.  Graduate/professional students are encouraged to borrow their maximum eligibility in the Federal Direct Unsubsidized Student Loan first.  The Federal Direct Unsubsidized Student Loans have a lower interest rate (currently 6.079%). The interest rate for the Federal Direct GradPLUS Loan program is a currently a fixed rate of 7.079% (valid July 1, 2019-June 30, 2020). An origination fee of 4.236% is deducted from the loan proceeds. The maximum amount a student may borrow each year is the estimated cost of attendance less other financial assistance.  A valid FAFSA must be filed each year a Grad PLUS Loan is requested. 

Graduate PLUS Loan requirements are as follows:

  • Complete the pre-approval credit check and a Federal Direct Graduate PLUS Loan Master Promissory Note (MPN) at  Click the Sign In box and choose Request a Graduate PLUS Loan.  This will produce an instantaneous credit decision.  Approved borrowers can proceed to selecting the student name to complete the Graduate PLUS Master Promissory Note (MPN). If you previously borrowed a GRADPLUS Loan you do not need to complete a new MPN.
  • Complete and return this Federal Direct Graduate PLUS Loan Request form to the Financial Aid Office.
  • First time borrowers at Lander University must complete mandatory Graduate Entrance Loan Counseling at .


Grad PLUS Loans are credit-based loans.  If you have an adverse credit history, you may still be able to receive a GradPLUS loan through one of two options:

  1. Obtaining an endorser who does not have an adverse credit history.  An endorser is someone who agrees to repay the Direct Graduate PLUS Loan if you do not repay it.
  2. Documenting to the satisfaction of the U.S. Department of Education that there are extenuating circumstances relating to your adverse credit history.  You can call the Student Loan Support Center at 1-800-557-7394 to discuss these circumstances.


The Graduate PLUS Loan Request form must be complete and legible in order to be processed.  Applications must be completed in blue or black ink only.