Federal Direct PLUS Loans for Graduate Students (GRAD PLUS) as of July 2022

Federal Graduate PLUS Loans for students pursuing a graduate or professional degree provide additional funds for credit- worthy graduate students to help pay for students’ educational expenses. If a student has no credit or a poor credit history, he/she may still qualify for a loan buy applying with a credit- worthy endorser. Interest rates are fixed and established annually by the U.S. Department of Education. Current interest rates are 7.54%. Repayment begins immediately after the loan is fully disbursed.