University of Houston-Victoria

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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.

A complete outline of the process as well as a chart of adverse credit conditions with examples of proof is located at studentloans.gov.

How to Apply for a Graduate PLUS Loan

  1. Complete a FAFSA application if you have not already done so.
  2. Complete and submit the PLUS Loan Request.
  3. First-time PLUS borrowers must complete a Graduate PLUS Master Promissory Note. Students will need a FSA ID and Password in order to complete one.
  4. If you receive notification requesting submission of an endorser addendum, please complete the process at https://studentloans.gov
    • Obtain an endorser and complete PLUS Counseling.
      • An endorser is someone who does not have an adverse credit history and agrees to repay the loan if you do not repay it.
      • If you are a parent borrower, the endorser may not be the student on whose behalf you are requesting the Direct PLUS Loan.
    • Document to the satisfaction of the U.S. Department of Education that:
      • The information causing the adverse credit decision is incorrect. OR
      • There are extenuating circumstances relating to the adverse credit history. (Note: Endorsers aren't eligible for this option.) AND
      • Complete PLUS Counseling

Loan Fees for Direct PLUS Loans

Loan Type First Disbursement Date Loan Fee
Direct PLUS Loans On or after 10/1/14 and before 10/1/15 4.292%
On or after 10/1/15 and before 10/1/16 4.272%

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.

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.