PLUS Loans

This is a credit-based loan available to graduate students who are enrolled at least half-time in courses that count towards their program of study. Students may apply for an amount up to the Cost of Attendance (as calculated by the Financial Aid Office), minus other aid awarded. Students whose costs are higher than the estimates in the Costs of Attendance should contact their Financial Aid Counselor to see if a budget adjustment may be appropriate (see sections on Special Circumstances and Excessive Awards for more information). Apply online at www.studentaid.gov.

Repayment starts 60 days after final disbursement. Borrowers may request deferment on repayment of the PLUS Loan from the Department of Education. Such requests must be made annually, for as long as the student remains enrolled at least half-time (in courses counted towards their program of study). Although this is not a need-based loan, students who wish to borrow through this loan program must file the FAFSA. The Financial Aid Office will receive notification electronically of the credit decision and the amount requested usually within 2-3 business days after the loan application is completed.