The Federal Graduate PLUS Loan is a credit-based loan with a fixed interest rate of 7.9%, with default and up front origination fees of up to 4%. Students must be enrolled at least half-time (6 graduate credits) in a graduate degree (master's or doctorate) program to access a Graduate PLUS loan. The Federal Graduate PLUS Loan is a credit-based loan with a fixed interest rate of 7.9%, with default and origination fees of up to 4%. Students must be enrolled at least half-time (6 graduate credits) in a graduate degree (master's or doctorate) program to access a Graduate PLUS loan. Repayment does not begin until 60 days after the loan is fully disbursed to the school (for a full-year loan, after the Spring portion is disbursed to SRU). For additional information about the Federal Graduate PLUS Loan, please click here.
Repayment Options: Additional information regarding repayment can be found at www.StudentLoans.gov.
(If you have not already done so) complete the FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA).
Initiate an application and complete a Master Promissory Note (MPN) at www.StudentLoans.gov (if you have questions when on this site, you can reach a customer service representative at 1-800-557-7394).
- Once on www.StudentLoans.gov simply click on "Sign In" on the left side of the page.
- also...if you forgot or don't have a PIN, you can go to www.PIN.ed.gov to request a duplicate or to create a new PIN.
- After signing in with your FAFSA PIN, click on "Start PLUS Application Process"
- Complete the required items; use "August 2012 through May 2013" for the loan term dates; then "submit" the PLUS request.
- Then, you must click on "Home" to return to the www.StudentLoans.gov homepage to continue to the next step of the PLUS Loan process, which is signing the Grad PLUS Loan Master Promissory Note.
- Click on the "My Profile" button located in the top box, next to your name.
- Click on "Complete MPN" or "Master Promissory Note"
- Click on "Graduate PLUS"
- Complete the required items and then "Submit" the Master Promissory Note
Directions for reducing your Federal PLUS:
If you would like to reduce your Federal PLUS loan, please follow the link below and return the form to the Financial Aid Office.
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Contact Information |
1 Morrow Way
Slippery Rock PA 16057 |
107 Maltby Center |
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724.738.2044
724.738.2922 (fax) |
Financial.aid@sru.edu |
M-F: 8:00-4:30
Summer: 8:00-4:00 |