The Federal Direct Graduate PLUS (GradPLUS) loan is an affordable, low interest loan for graduate and professional students. Students can borrow up to the total cost of attendance (minus any other financial aid awarded). An origination fee is charged upon disbursement of the loan. Unlike the Parent PLUS Loan, if a graduate borrower is denied the Graduate PLUS loan due to an adverse credit history, the student will not be eligible for any additional Unsubsidized Direct Loan.
Texas A&M highly recommends you apply for the maximum annual amount available to you through the Direct Loan program before applying for the Graduate PLUS Loan.
- You must be a graduate or professional student attending school at least half-time (5 hours during the fall/spring and 3 hours during the summer).
- You must file a Free Application for Federal Student Aid (FAFSA).
- You must complete GradPLUS entrance counseling available on Howdy through the financial aid portal.
- Award eligibility varies based on enrollment. For details, please visit the Award Proration information page.
Effective for Graduate PLUS Loans disbursed on or after July 1, 2013, rates will be fixed for the life of the loan at the sum of the high yield of the 10-year Treasury note plus an additional percentage. No loans may be assessed an interest rate above interest rate cap indicated. **Updated rates for each award year will be available in June preceding the Fall semester
|Loan Type ||Interest Rate Formula || Projected Interest Rate |
(fixed over life of loan)
|Interest Rate Cap |
|Graduate PLUS Loans |
|T* + 4.6% |
| 10.5% |
*T equals the 10 year T-Bill rate (assumed at 1.81%)
Graduate PLUS Loans disbursed prior to July 1, 2013 have a fixed interest rate of 7.9%
|Loan Type ||Origination Fees |
|Prior to July 1, 2013 |
|On or after July 1, 2013 |
|On or after December 1, 2013 |
|Graduate PLUS |
Repayment is deferred until the student graduates or drops below half-time enrollment status.
Apply for a Direct GradPLUS Loan
Direct Loan Program FAQs