Syracuse University

Financial Aid Loans

Federal Direct Graduate PLUS Loan

The Federal Direct Graduate PLUS Loan is a long-term, fixed-rate loan borrowed by graduate students to bridge the financial gap between their educational cost of attendance and their other financial aid. Students must borrow their maximum eligibility in Federal Direct Loans before they may apply for this loan program. Eligibility is calculated by the Cost of Attendance minus other financial aid.

Interest Rate:
2013-2014  6.41% fixed
2014-2015  7.21% fixed

Loan Fees: 
4.288% loans disbursed after December 1, 2013
4.292%   loans disbursed after October 1, 2014

Credit Check: Yes (no adverse credit)

Eligibility: Must be at least half-time (six or more credits per semester)

Annual Loan Maximum: Total cost of attendance minus all aid resources and loans received.

Lifetime Loan Maximum: None

Repayment Begins: Payment of principal and interest begins once the loan is fully disbursed. The loan will be placed into deferment for graduate students while you are enrolled at least half-time.

Repayment Terms: 10-25 years based on balance owed

Eligible for Federal Loan Deferments, Forbearances, or Loan Forgiveness: Yes

Eligible for Federal Consolidation: Yes

Interest Payments Eligible for Federal Tax Deduction: Yes

How to Apply for a Federal Direct Graduate PLUS Loan

STEP 1: Determine the amount of FPLUS loan that you wish to borrow using our Loan Worksheet.

Step 2: 
Go online to and click on the green "Sign In" box under "Manage My Direct Loan." The students Federal PIN is required to sign in.

Step 3:
After signing in, select:

  • Request  a Direct PLUS loan, then
  • Graduate PLUS
  • Follow steps 1 - 4 to complete the online credit check
  • Upon completing step 4, a credit decision will be displayed.
  • Complete the Federal Direct Graduate PLUS Loan master promissory note.

Step 4: Syracuse University will transmit final loan approval and disbursement request to Department of Education.

Step 5: For new borrowers, an entrance counseling or loan counseling session must also be completed on

To Decline Your Federal Loan/Reduce the Loan Amount

To reduce the loan amount or decline the loan completely, students must notify the Office of Financial Aid and Scholarship Programs by completing the Loan Reduction/Cancellation Form.

Educational Loan Calculator

Use the loan calculator to estimate your monthly payments.

Cancel/Reduce Your Current Loan or Federal TEACH Grant

Fill out this form to cancel or reduce your current loan(s) or Federal TEACH grant.