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 Federal Grad PLUS Loan Information 

 

SPOTLIGHT

The Federal Graduate PLUS Loan is a credit-based loan with a fixed interest rate of 6.41%, with default and up front origination fees of up to 4.288%. Students must be enrolled at least half-time (6 graduate credits) in a graduate degree program (master's or doctorate) to access a Graduate PLUS loan.  For additional information about the Federal Graduate PLUS Loan, please click here.

Repayment Options: 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).  Additional information regarding repayment can be found at www.StudentLoans.gov.

To apply for a Federal Graduate PLUS Loan a student must:

If you have questions when on this site, you can reach a customer service representative at 1-800-557-7394. 

  1. Complete the Free Application for Federal Student Aid (FAFSA) for the student.
  2. 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.
  3. After signing in, click on "Request Direct PLUS Loan"
  4. Complete the required items; use "August 2013 through May 2014" for the loan term dates; then "submit" the PLUS request.
  5. 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. 
  6. Click on the "My Account" button located in the top box, next to your name.
  7. Click on "Complete Master Promissory Note"
  8. Click on "Graduate PLUS"
  9. Complete the required items and then "Submit" the Master Promissory Note

Directions for reducing or cancelling your Federal PLUS:

If you would like to reduce your Federal PLUS loan, please complete the Loan Reduction Form and return it to the Financial Aid Office.
 

 

Contact Information

1 Morrow Way
Slippery Rock PA 16057

107 Maltby Center

724.738.2044
724.738.2922 (fax)

Financial.aid@sru.edu

M-F: 8:00-4:30
Summer: 8:00-4:00

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