Graduate PLUS Loan Limit
You are not required to demonstrate financial need to borrow a Graduate PLUS Loan. However, it is based on your credit worthiness. If you are approved for a Graduate PLUS Loan, UMGC will offer you up to $10,000 per academic year, or the remaining cost after all other aid is applied, whichever amount is lower. If additional funding is needed, you may request additional PLUS Loan funding.
Please note: Graduate PLUS Loans are subjectÌýto adjustments due to less than full-time enrollment. For additional information, please visit our One Big Beautiful Bill Act webpage.
Loan Terms
The interest rate for Direct PLUS loans disbursed between July 1, 2025Ìýand June 30, 2026Ìýis 8.94 percent. A 4.228 percent origination fee will be deducted by the U.S. Department of Education from the total of your loan before it is disbursed to your student account.
Master Promissory Note
First-time Grad PLUS borrowers are required to complete a Grad PLUS MPN. You will only need to complete this once, unless your loan is approved with an endorser. Endorsed loan borrowers must complete a new MPN for each new endorsed loan.Ìý.
Repayment
Although your Grad PLUS loan payments will remain deferred while you are enrolled in at least half-time status at t ºÚÁÏÉçÇø, you are able to begin repayment at any time. If you drop below half-time status or withdraw from the university, your loan may go into repayment immediately.
For more information consult theÌý.
Additional Information on Borrowing
If you need additional information about the terms and conditions of borrowing a PLUS loan, please visit theÌý. You can also call theÌýÌýatÌý(800) 433-3243.