Student Financial Aid

Loan Programs

Federal Direct PLUS Loan for Graduate and Graduate/Professional Students

The Federal Direct Graduate PLUS Loan is a federal loan available to graduate and graduate/professional students based on educational costs. This loan, in combination with other aid, cannot exceed educational costs as determined by Ohio State.

Eligibility Criteria

Students may apply for the Graduate PLUS loan if they are enrolled at least half time in a graduate program or in one of the graduate/professional programs (Dentistry, Law, Medicine, Optometry, PharmD, or Veterinary Medicine). Non-degree and Extended Education students are not eligible for the Graduate PLUS loan. Student borrowers must be U.S. citizens or eligible non-citizens, meet all other requirements listed as Student Rights and Responsibilities, and pass a required credit check. They must also have applied for their annual maximum eligibility under the Federal Direct Subsidized and Unsubsidized Loan Program.

Application Process

2015-2016 Borrowers

To apply for this loan you must complete the online application at

Graduate/Graduate Professional Students

If you file the FAFSA, you will automatically be offered the Graduate PLUS Loan as a part of your financial aid package. However, to complete the application process once you are awarded, you must apply for the Graduate PLUS Loan online.

This award is contingent upon a credit check completed by the Department of Education. In addition, you must also sign a separate Graduate PLUS Master Promissory Note (MPN), which is available at (sign in to manage your Direct Loan). If a Graduate PLUS loan was disbursed to you at Ohio State since 2008 a new MPN is not required.

All first-time borrowers are required to complete the online Graduate PLUS Entrance Counseling at before disbursement of an approved loan will occur.

Borrowing Limits

The maximum Graduate PLUS Loan you may borrow per academic year is equal to your cost of attendance minus other financial aid (including Federal Direct Subsidized and/or Federal Direct Unsubsidized Loans for which you are eligible). There is no aggregate maximum loan limit for the Graduate PLUS Loan.

Your eligibility for a Graduate PLUS will be reduced accordingly if you borrow a private loan through an outside banking institution.

Repayment Terms

The Graduate PLUS Loan is a fixed-rate loan. For current interest rates, please visit : Interest begins accruing from the time of disbursement. A 4.292% origination fee will be deducted from each disbursement. Repayment begins within 60 days after the date of the final disbursement. In-school deferment is available provided you remain enrolled at least half time in an eligible program.

For more information about borrowing limits, repayment plans, and interest rates, go to the U.S. Department of Education's web page about PLUS Loans for graduate and graduate/professional students at

Loan Cancellation

You have the right to cancel all or part of your federal loan disbursement within 14 days of official notification that loan funds have credited to your university account, or before the first day of classes, whichever occurs last. See complete loan cancellation procedures.

What do I need to do to receive my award?

A credit check is required of the borrower each time a Graduate PLUS Loan is requested, and you will be notified of the results immediately upon completion of the online application. If the credit check is denied, additional options to include an endorser will be displayed during the application process.

In order to receive a Graduate PLUS Loan award, you must complete the application and promissory note procedures listed above.

An electronic Master Promissory Note is available at the electronic MPN website.

How will my loan be issued?

After completion of your online entrance counseling session and receipt of the Electronic Master Promissory Note, Ohio State will disburse the funds to your account provided you are enrolled at least half time.


First File the FAFSA