FSU Home  
  OFA Home >> Loans >> Graduate PLUS Loans


Federal Direct PLUS for Graduate and Professional Students

The Federal Direct PLUS for Graduate and Professional Student Loan allows graduate and professional student (Law, Medicine) to apply for a federal loan to assist in paying for the cost of education.

Eligibility requirements:

  • The student must be enrolled as a degree seeking student, at least half-time (six credit hours) per term of disbursement.

  • The student must maintain Satisfactory Progress requirements as established by FSU.  Satisfactory Progress requirements are published online at http://financialaid.fsu.edu/sat.html

  • The student must be either U.S. Citizens or eligible non-citizens (as defined by federal financial aid regulation

  • The student cannot be in default on a Federal loan or owe repayment on a Federal grant

  • The student must complete the Free Application for Federal Student Aid (FAFSA), available online at www.fafsa.ed.gov

Loan Information:

Information below as of June 2014.  For updated or additional information on any of the following loan details, please check with the Federal Direct Loan Servicing Center at 1-800-848-0979

Annual Loan Limit

Cost of attendance minus all other aid (scholarship, grants, loans, work-study, agency billings, waivers)

Interest Rate

For current interest rates, please visit Federal Student Aid.

These are fixed interest rates for the life of the loan. Interest begins to accrue upon date of disbursement.


For current loan fees, please visit Federal Student Aid for more information.


Repayment begins 60 days after the last disbursement for the loan period


May be an option for periods when student is enrolled at least half-time. If you wish to defer a loan repayment, enrollment verification is provided by the Registrar's Office. Forbearance of a loan is handled by the lender.

Application Process
  • Complete the Free Application for Federal Student Aid at www.fafsa.ed.gov

  • Check your financial aid offer through the Financial Aid Student portal at my.fsu.edu and determine if additional borrowing through the Federal Direct PLUS loan program will be required.
  • If you determine that you need to apply for PLUS loan funding, complete both the Graduate PLUS application and the Graduate PLUS Master Promissory Loan Note at apply online through the Federal Direct Loan website at http://www.studentloans.gov

  • If you have not already done so, complete the Loan Entrance Counseling for the Direct PLUS online at http://www.StudentLoans.gov (Complete the Combination - Stafford and PLUS Loan counseling to cover both Federal Stafford and Federal PLUS for Graduate Student loan information)

  • If you have not already done so, complete disbursement permissions online through your Student Portal to authorize disbursement.

Follow up Process:

  • The Federal Department of Education performs a credit check based upon the authorization from the Graduate PLUS Application.

  • If approved, the loan will be processed after the financial aid file is complete and verified.

  • Disbursement will be made through Florida State University during regular disbursement periods (starting second week of each term).

  • If the PLUS loan application is denied, the U.S. Dept. of Education will notify you of options to appeal or apply again with a co-endorser.





Last updated July 22, 2015