All students accepted into a master’s program are required to be enrolled in at least five credits at the 501 level or above to receive graduate-level loans. You may provide a copy of an approved Graduate Course of Study to the Financial Aid Office listing any undergraduate courses that are required for the completion of your graduate program; prerequisite courses in preparation for your master’s program are not considered required per federal regulations, and therefore do not count toward the required 5 graduate-level credits. In the event the courses in which you are enrolled are not at 501+ level or listed as required on your course of study, your loans will be reduced to the post-baccalaureate level and your annual loan eligibility will be limited to the post-baccalaureate level.
The Graduate PLUS loan is an interest-accruing, unsubsidized loan for graduate students. The Graduate PLUS loan (interest rate 7.9%) can be used to meet the Expected Family Contribution (EFC). Graduates may borrow any amount up to the Cost of Attendance, minus other financial aid. Please contact the Financial Aid Office to request a Graduate PLUS loan. A credit check, entrance counseling, and a new promissory note are required.
Federal School Code: 003771