Graduate PLUS Loan To Do List:
- Complete the FAFSA by March 1 (priority filing date).
- NIU's School Code is 001737
- Fill out the Graduate PLUS Loan Request Form
- 2008-2009 (Fall 2008, Spring 2009, Summer 2009)
- 2009-2010 (Fall 2009, Spring 2010, Summer 2010)
- Complete your Loan Entrance Counseling electronically*
- Complete a Master Promissory Note
- Check your NIU e-mail account for important messages from the NIU Student Financial Aid office.
- Check your MyNIU account for awarding to be applied to your Bursar account.
* Before you graduate, you must complete your Loan Exit Counseling requirements as well.
Federal Direct Graduate PLUS Loan
PLUS Loans are federally guaranteed loans that are available to Graduate and Law students to help pay for their cost of thier education.
Eligibility
- Graduate or professional degree students
- Enrolled at least half-time
- Borrower must not have a negative credit history
Loan Funds
Direct PLUS Loans are calculated as follows:
Student's Cost of Attendance
- Other Student Aid Received
= Maximum Loan Amount
Interest Rate
The interest rates for PLUS loans are:
*For loans first disbursed on or after July 1, 2006.
Length of Repayment
The amount of time to repay the PLUS Loan depends on the amount of funds that were received and the type of repayment plan that was selected.
The length of repayment typically is between 10 and 25 years.
PLUS Loan Resources
