Graduate students who need to borrow funds beyond the federal unsubsidized loan limit may apply for additional funds through the Federal Direct Graduate PLUS Loan program. All Federal PLUS loan requests that are processed for the full year will be split evenly between fall and spring semesters.
The Direct Graduate PLUS Loan is offered to qualified graduate or professional students with or without financial need who meet all financial aid eligibility requirements. Borrowing can be costly. We recommend you consider borrowing only if you have exhausted all other options. Make a budget for yourself to keep your debt within manageable limits.
Beginning with the 2021-2022 academic year, all Federal Direct Loan borrowers must complete the Annual Student Loan Acknowledgment. The Annual Student Loan Acknowledgment is a tool for borrows who take out federal student loans. If they have loans on file, they’ll learn important repayment terms and estimates, how much they have borrowed thus far, and what’s available for the remainder of their education. New borrowers must acknowledge other information, such as salary and debt estimates for their chosen program and information about how interest works.
HSC graduate students must complete the HSC Graduate Enrollment Form.
- Students must meet Temple University Financial Aid eligibility requirements
- Students who have been admitted into a graduate or professional degree program of study. Post bachelor students taking courses to gain admission to a graduate or professional program are not eligible; neither are students taking courses necessary for their teacher certification.
- You must be a U.S. citizen or eligible non-citizen
- You must not be in default on repayment of federal aid
- You must consent to, and pass a credit check by the U.S. Department of Education
Your debt-to-income ratio, credit score, and employment status are not taken into consideration; however, adverse credit typically results in a PLUS loan denial. For more information about adverse credit, visit StudentLoans.gov, click on the subheading "Credit Check" then the question "What is Adverse Credit?"
Loan Term Period
To ensure that we are providing the best possible service to our students, Student Financial Services will certify Graduate PLUS Loans for the Full Year (Fall and Spring combined), Summer will continue to be considered a separate loan period.
The only exceptions will be for those students who:
- Are entering their final semester and will graduate at the end of the fall term (confirmation of graduation will be required in the form of a letter or an email to email@example.com from your academic advisor, or a copy of your application to graduate.)
*As a result, our office will adjust your entire financial aid award according to regulations and then certify the loan for the single semester in question.
- New spring admits and/or students who did not attend the fall semester
- Students participating in a study abroad/away program for a single semester. A copy of your program acceptance/admittance will be required, if there are no charges on your account reflecting your status.
- Students who currently have a past due balance from a prior academic year. For example, any returning student for the Fall semester that has a balance from the prior Spring or Summer.
*All students receiving aid who will graduate at the completion of the fall term will need to contact the Student Financial Services office as soon as possible so that all their aid can be adjusted accordingly.
Students graduating at the conclusion of the Spring Semester are not subject to the exception if they were registered during the fall.
*Graduate PLUS Loans for the Fall/Spring loan period will be split equally between the two semesters; so the disbursement of a $10,000 Fall/Spring loan would be $5,000 for the fall semester and $5,000 for the spring semester.
2021-22 Loan Terms
- Fall/Spring (recommended): August 23, 2021 to April 25, 2022
For Direct PLUS Loans first disbursed on or after July 1, 2021 and before July 1, 2022, the interest rate is 6.28%.
These are fixed interest rates for the life of the loan.
How to Apply
- Complete the Free Application for Federal Student Aid (FAFSA)
- Calculate how much you want to borrow and determine the loan period. The total amount you can borrow is equal to your Cost of Attendance minus other Estimated Aid (these figures are listed on your financial aid award plus all additional resources).
- Calculate the loan fee. There is a 4.236% loan origination fee on all Direct PLUS Loans (For all loans first disbursed on or after October 1, 2020 and before October 1, 2021). The fee will be proportionately deducted from each loan disbursement.
- Access the PLUS loan application by visiting on the U.S. Department of Education Student Loans website.
- Graduate students must wait to apply for a Graduate PLUS loan until June.
NOTE: You must complete the PLUS application in order to see if your credit is approved for the loan before you can complete the Master Promissory Note (MPN).
If your credit is approved
- Complete the PLUS Master Promissory Note (MPN) on the U.S. Department of Education Student Loans website. Choose "Complete Master Promissory Note (MPN)" then select "Graduate PLUS." Follow the four-step process to accept your loan.
- HSC graduate students must then submit the HSC Graduate Enrollment Form.
If your credit is declined
- If you have an adverse credit history, you may still receive a Direct PLUS Loan by obtaining an endorser who does not have an adverse credit history or documenting to the U.S. Department of Education’s satisfaction extenuating circumstances relating to your adverse credit history. If you are a parent borrower, the endorser cannot be the child on whose behalf you are borrowing. For more information visit, StudentLoans.gov or by calling Direct Loan Applicant Services at 800-557-7394 for more information regarding your denial, appeal, or endorser process.
Increase or Decrease the Loan Amount
Main Campus graduate students that wish to increase an existing Graduate PLUS loan must submit the request in writing to the SFS office (email from official TUmail account to firstname.lastname@example.org is acceptable). Please be sure all requests include student name, TUID, requested loan amount and loan term.
HSC graduate students that wish to increase an existing Graduate PLUS loan must complete another HSC Graduate Enrollment Form then submit to the HSC Student Financial Services office for the additional amount needed. Another credit check will not be performed if the request is for the same loan term period.
To decrease an existing loan, please submit a the request in writing to the SFS office (email from official TUmail account to email@example.com is acceptable) specifically stating the amount to decrease including loan period, student name and TUID.
Understand net vs. gross Federal Direct Loan amounts
There is a 4.236% loan fee on all Direct Graduate PLUS Loans (For all loans first disbursed on or after October 1, 2020 and before October 1, 2021). The loan fee will be proportionately deducted from each loan disbursement.
Repayment, Deferment and Forbearance
Your loan will be placed into deferment while you are enrolled at least half-time (4.5 credits) and for an additional six months after you cease to be enrolled at least half-time.
Your federal loan servicer will provide information about repayment and confirm the date repayment begins. Repayments are made to the federal loan servicer. Borrowers generally have from 10 to 25 years to repay the Parent PLUS Loan.
Deferment allows students to delay loan repayment. Upon disbursement, borrowers will receive repayment and deferment information from their loan servicer. Learn more about deferment options.
If your loan is deferred, interest will accrue on the loan during the deferment. You may choose to pay the accrued interest or allow the interest to capitalize when the deferment period ends. Your loan servicer will notify you when your first payment is due.
If you are unable to make your scheduled loan payments, contact your loan servicer immediately. Your servicer can help you understand your options for keeping your loan in good standing. For example, you may wish to change your repayment plan or request a deferment or forbearance that allows you to temporarily stop or lower the payments on your loan. Learn more about forbearance options.
In certain situations, you can have your federal student loan forgiven, canceled, or discharged. More information about loan cancellation or forgiveness.