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San Diego State University

Financial Aid and Scholarships

Grad PLUS Loan

Grad PLUS — For graduate students after all other loans are awarded.

Am I eligible?

To find out if you have loan eligibility, check your financial aid award on AidLink. Your loan award may include a Grad PLUS Loan if you are a graduate student.

Before borrowing:

Before borrowing, explore all other options available including work, scholarships, and grant assistance.

Federal Direct Grad PLUS Loan

 Loan ComponentsGrad PLUS Loan
Enrollment Requirement
Must enroll at least half time
Loan Fee
4.272% of the amount borrowed of a loan first disbursed on or after October 1, 2015
Interest Rate

Interest rates are subject to change every July 1

6.31% fixed rate on loans disbursed between July 1, 2016 - June 30, 2017

7.00% fixed rate on loans disbursed between July 1, 2017 - June 30, 2018 

Capitalized Interest
Interest is charged from the date the funds are disbursed and capitalizes if not paid.

Borrowing Limits
Graduate students can borrow up to their cost of attendance excluding other financial aid, resources and the annual loan limit. See Direct Loan Limits by Degree.
Borrowing Conditions
Graduate student should have already activated his/her annual unsubsidized loan.
Credit History
Acceptable credit required
RepaymentUsually begins within 60 days after the loan is fully disbursed (typically the spring term).

On loans borrowed on or after July 1, 2009: You may request a deferment while enrolled at least half time at an eligible school. Interest accumulates and capitalizes while in deferment.