What are the Federal PLUS Loan terms?*

• Maximum loan amount = cost of education minus financial aid received.
• Interest rate is 8.05% fixed.
• Loan fee = 4.228% of principal.
• Repayment begins 6 months after graduation, withdrawal, or falling below half-time enrollment
• Standard repayment period is ten years.

Who is eligible?

• A graduate or professional student with a valid FAFSA on file

How do I obtain a Federal PLUS loan?
When will the PLUS loan disburse?

In accordance with federal loan regulations and CSB/SJU’s disbursement schedule, the loan will be applied to your account once all requirements are met. If enrolled in both fall and spring semesters, one-half of the loan will be disbursed at the beginning of the fall semester and the remaining half will be disbursed at the beginning of spring semester.  Generally, loan proceeds arrive a few days before the beginning of each semester.

What if I want to reduce or cancel my PLUS loan?
What if I want to apply for additional PLUS loan funds?

You may apply for additional PLUS loan funds by completing another application at The total amount of a PLUS loan may not exceed the cost of attendance minus all other financial aid. Please note that your credit history may be reviewed again to determine your eligibility.  A new Master Promissory Note is not required for additional loan amounts.

What if my credit is denied?

If your application is denied due to credit, you will receive notification from the Direct Loan Servicer. You may choose from the following options:

*Origination fees change annually on October 1st. For loans originated prior to 10/1/20 loan fee is 4.236%