Student Affairs
Federal Graduate PLUS Loan
The Federal Graduate PLUS Loan allows graduate/professional students enrolled at least half time to borrow up to the cost of education minus other financial aid. There is no aggregate loan limit. The program has a fixed interest rate of 7.9%.
The borrower must not have an adverse credit history. You are considered to have an adverse credit history if you are 90 or more days delinquent on any debt or if, within 5 years of the date of the credit report, you have been the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write-off of a Federal Student Aid debt.
Borrowers must pay a 4% origination fee, which is deducted from each disbursement. An up front interest rebate of 1.5% will be given to PLUS borrowers who make their first twelve required monthly payments on time.
The repayment period for the Graduate Federal 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. However, a graduate PLUS borrower may receive a deferment while the student is enrolled at least half time. The first payment will be due within 45 days after the deferment end date.
For more information about the Federal Graduate PLUS Loan go to www.sfa.ufl.edu/programs/gradfdplus.html.
To apply for the Federal Graduate PLUS Loan go to www.sfa.ufl.edu/pub/forms.html.