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Graduate PLUS Loan

Notice: The Graduate PLUS application for 2018-2019 will become available at on May 1, 2018.

The Graduate PLUS Loan is a federal loan that enables graduate and professional students with good credit histories to help meet educational expenses. The Graduate PLUS Loan can be borrowed up to the cost of attendance minus estimated financial assistance such as Stafford Loans. The interest rate is a fixed rate and is set July 1st of each year.

Eligibility Requirements for Graduate PLUS

  • Must have a valid FAFSA on file
  • Must be classified as a degree-seeking Graduate or Doctoral student
  • Must be enrolled at least half-time in graduate or doctoral level hours (undergraduate hours do not count toward half-time enrollment)
    • Fall/Spring half-time enrollment is 4 hours
    • Summer half-time enrollment is 3 hours
  • Must be making Satisfactory Academic Progress

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Interest Rate & Origination Fees

Interest rates for PLUS loans are now tied to 10-year U.S. Treasury Notes based on legislation signed into law August 2013. Each year interest rates could vary. The maximum that a PLUS loan interest rate can increase to would be 10.5% per this legislation.

Find out more about the current interest rate for the Parent PLUS Loans and the origination fee charged for the loan at Loan Fees for Direct PLUS Loans.

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How Much Can I Borrow?

You must have a valid FAFSA on file with UTSA to apply for a Graduate PLUS Loan. You can borrow a Graduate PLUS Loan up to the cost of attendance minus any other financial assistance you have been awarded. You are not required to accept Direct Stafford Loans that are offered, but are encouraged to consider all options and examine repayment and interest rate terms prior to borrowing a Graduate PLUS Loan.

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The repayment period for a Graduate PLUS Loan begins on the date of the final disbursement of the loan and the first payment is due within 60 days after the date the loan is fully disbursed. Although repayment does not begin until after the final disbursement, interest does accrue while the student is enrolled.  Students must contact the Direct Loan Servicing Center at 1-800-848-0979 to request a deferment based on their enrollment status. For more information on repayment of PLUS, visit the Direct Loan Program FAQs page.

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How to Apply

Graduate PLUS loans are credit-based and you must be credit-approved in order to receive the loan.

Steps to Apply for a Graduate PLUS Loan

  1. Fill out the FAFSA and submit it to UTSA.
  2. Log in to using your FSA ID.
  3. Once logged in, click on "Apply for a PLUS Loan" and select “Start" for the Direct PLUS Loan Application for Graduate/Professional Students. All required fields must be filled in..
  4. At the end of the application, you will be asked to consent to a credit check and will receive an immediate credit decision.
  5. Once you receive a credit decision, proceed based on the decision as indicated below if approved or denied.
If credit is approved
  • If this is your first time borrowing a Graduate PLUS loan, you must
  • If you were initially denied the PLUS loan but successfully appealed or obtained a credit-worthy endorser, you must
If credit is denied

If your credit is denied, you may appeal the credit decision or apply for a new credit application using an endorser (cosigner). If need assistance, you can contact the Department of Education’s Student Support Line at 1-800-557-7394

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