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SUMMER 2023 Federal Direct Graduate PLUS Loan Application
Please complete in blue or black ink. Graduate Information
Has the student filed a 20222023 FAFSA? Yes No×You are required to file a FAFSA
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How to fill out grad plus loans
How to fill out grad plus loans
01
Step 1: Gather the necessary documents such as your social security number, driver's license, and previous tax returns.
02
Step 2: Access the official website of the Department of Education and log in with your FSA ID.
03
Step 3: Select the 'Apply for a Direct PLUS Loan' option and complete the required forms.
04
Step 4: Provide information about the school you are attending and the loan amount you need.
05
Step 5: Complete the Master Promissory Note (MPN) to legally bind yourself to the loan terms.
06
Step 6: Review and submit your application. Await the decision and notification from the Department of Education.
07
Step 7: If approved, your school's financial aid office will disburse the funds to cover your educational expenses.
Who needs grad plus loans?
01
Grad Plus loans are typically sought by graduate or professional students who require additional financial assistance to cover the cost of their higher education.
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These loans are beneficial for individuals pursuing advanced degrees, such as masters, doctoral, or professional degrees.
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Students who have exhausted other federal financial aid options like Direct Subsidized Loans and Direct Unsubsidized Loans may consider Grad Plus loans to bridge the funding gap.
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Those who cannot secure private loans with favorable terms or interest rates may also opt for Grad Plus loans as a financing option.
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What is grad plus loans?
Grad PLUS loans are federal loans available to graduate or professional students to help pay for their education expenses, including tuition, room and board, and other associated costs.
Who is required to file grad plus loans?
Graduate or professional students who need additional funding beyond what is offered by other financial aid options are required to file for Grad PLUS loans.
How to fill out grad plus loans?
To fill out a Grad PLUS loan application, students must complete the FAFSA and then submit the Grad PLUS loan application through the U.S. Department of Education's website or through their college's financial aid office.
What is the purpose of grad plus loans?
The purpose of Grad PLUS loans is to provide graduate and professional students with additional financial assistance to cover their education costs when other financial aid options do not fully meet their needs.
What information must be reported on grad plus loans?
Students must report personal information, including their Social Security number, income information, credit history, and details about the cost of attendance, when applying for Grad PLUS loans.
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