Graduate PLUS Loan

Smart Borrowing

PLNU strongly encourages smart borrowing. Students should know the repayment plans before accepting any loans. Loans that show up as "Financial Aid Awarded" on your award letter are maximum amounts; reduced amounts can be accepted. Borrow only what you need! Please take five minutes to go through Financial Awareness Counceling before accepting loans.

Graduate PLUS Loans

Graduate students at PLNU may also be eligible for the Graduate PLUS loan. The Graduate PLUS loan is intended for graduate students whose educational costs exceed their maximum Direct Loan eligibility. Although the loan is not based on need, the FAFSA must be completed. The Graduate PLUS loan is a credit-based loan.

The interest rate is fixed at 7.9%. Repayment begins 60 days after the loan is fully disbursed. There is no grace period for Direct PLUS Loans. However, you can postpone payments on your Direct PLUS Loan while you are in school.

For more information on Graduate PLUS loans, please read this Federal Student Aid handout.