Federal Graduate PLUS Loan
Graduate students who have been awarded the maximum subsidized and/or unsubsidized loan award for the academic year ($20,500) and have not been awarded aid equal to the amount of his/her Cost of Attendance,or has borrowed his/her aggregate loan amount of $138,500, may have the opportunity to borrow additional funds through the Graduate PLUS Loan Program. Graduate students are subject to credit-worthiness standards. If the student does not pass the credit check, they may have the option to have an endorser for the loan. The interest rate is the same as the Parent PLUS loan listed above.
MyUHV shows the loan amounts the student is eligible for after the student's loan eligibility has been computed. The student must accept/reject all or part of the loan by logging into MyUHV.The loan will be disbursed to the student's account once eligibility is reviewed.
Graduate students awarded the GRAD PLUS Loan will have a 60 day grace period after the last disbursement is made. If the student is enrolled at least half-time, the student can apply for an in-school deferment or begin making the monthly payment.
How to Apply for a Graduate PLUS Loan
- Complete and submit the PLUS Request Process and first-time PLUS borrowers must complete a Parent PLUS Master Promissory Note. A pin number will be required. Students who do not currently hold a PIN number can go to the web site: http://www.pin.ed.gov/to obtain one. Prior to completing your Master Promissory Note, by clicking on the following link, you can complete a Graduate PLUS Loan eMPN in simulation. http://www.ifap.ed.gov/codcbt/attachments/CompletingaGraduatePLUSEMPN.exe
- Once UHV receives an PLUS Loan Request acknowledgment, an award will be placed on the students Award Package. Accept or Decline the loan award in MyUHV.
- If you receive notification requesting submission of an endorser addendum, please complete the process at https://studentloans.gov. Prior to completing your addendum, by clicking on the following link, you can first complete an Endorser Addendum in simulation mode at http://www.ifap.ed.gov/codcbt/attachments/CompletinganEndorserAddendum.exe.
How to Accept A Graduate PLUS Loan Award
Award notices are sent to your UHV email account. You will need to log into MyUHV / UHV Self Service / Financial Aid / Accept or Decline Awards. Check the accept or decline box or reduce the awarded amount. WEB LINK: http://www.uhv.edu/LoginMyUHV.aspx.