Beginning 2026-27, the Graduate PLUS loan is no longer available to new Graduate students
See upcoming 2026-27 federal loan changes (includes legacy provision for current borrowers)
How to Apply
- Complete and submit the FAFSA form
- Complete an application and basic credit check at studentaid.gov
- Complete a Master Promissory Note on studentaid.gov
- S&T determines how much student aid you are eligible to receive
Eligibility for 2026-27 Aid Year
- Not available for new borrowers
- Must be enrolled as of June 30, 2026,
- Must have previously borrowed a federal loan for your current program of study, and
- Must stay enrolled in the same program of study through graduation, or up to three years (2026-27, 2027-28, and 2028-29), whichever occurs first.
Interest Rates
- Fixed 8.94% for the 2025-2026 year starting July 1, 2025
- Interest rates for 2026-2027 are expected to be released early summer 2026
Borrowing Amount
- Cost of education (determined by S&T) minus other financial assistance
- All federal loans have origination fees which are taken out of the loan when it disburses
Loan Proration
- Beginning with the 2026-2027 academic year, Federal Direct Loans are required to be prorated for students enrolled less than full-time. (See upcoming 2026-27 federal loan changes.)
Loan Repayment
- You don't have to start making payments until six months after you graduate, leave school, or drop below half-time enrollment.
For more information on Graduate PLUS Loans, please visit Federal Student Aid.