Quinnipiac University
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Types of Aid

Federal Direct Graduate PLUS Loans

Loan | Amount Varies | U.S. Department of Education

The Federal Direct Graduate PLUS loan is available to all students who are matriculated in a degree-granting program, have filed and met the FAFSA eligibility criteria and meet enrollment requirements. This loan requires a credit check to determine credit worthiness.


Who is Eligible

The Federal Direct Graduate PLUS loan is available to students who:

  • are enrolled in a graduate/professional-level, degree-granting program, and
  • have filed and met the FAFSA eligibility criteria, and
  • meet the minimum enrollment required for each semester they are seeking assistance
    • Graduate students – enrolled at least half-time (5 or more credits)
    • Law students - enrolled at least half-time (6 or more credits)
    • Medical students - enrolled at least half-time
  • A credit check is required to determine credit worthiness
    • Credit worthiness is defined as having no credit, having good credit, or not having an adverse credit history
    • Students are notified by the Department of Education of their loan approval or denial. If denied, students will be advised of the process to appeal the credit decision or the steps to add a credit-worthy endorser (similar to a co-signer)
  • Maximum loan amount is based on the student’s cost of attendance minus all other financial aid (loans, grants, scholarships)
  • Students wishing to apply for the Federal Direct Graduate PLUS loan will submit their request directly to the financial aid office (see below for process) to have the credit check performed. The Graduate/Professional financial aid offices do not utilize the online credit check process performed on the Federal Student Aid website.

Visit Annual Credit Report to learn more about your credit

Interest Rates
  • For loans first disbursed between July 1, 2024 - June 30, 2025 the interest rate is fixed at 9.083%
  • Interest rate is fixed for the life of the loan
  • Rates are determined each year based on the 10-year Treasury note index plus a statutorily defined add-on
Loan Fees
  • Current: 4.228%
  • Loan fees are deducted from loan proceeds prior to the disbursement of funds and borrowers are responsible for repayment of all such fees.
Repayment Plans

Repayment on the loan begins 180 days after a student falls below part-time status, graduates or stops attending school. Students have over seven different repayment terms to select, some of which are income-driven.

Refunds and Credit Balances

For accounts that reflect a credit balance, a refund check will be generated within 14 days of school beginning and/or the funds coming to the university. One Stop will process any credit refunds by direct deposit to the bank account provided in the Self-Service portal or by mailing a check to a student’s permanent address.

How to Apply

Graduate Student Application Process

Graduate student applicants should:

  1. Complete the QU Graduate PLUS Loan request sheet and return it to our office for processing. You will be notified electronically if you have been approved or denied. 
    Download Graduate PLUS loan request

  2. Complete the Federal Graduate PLUS Master Promissory Note (MPN). This only needs to be completed one time unless you require an endorser. 
    Complete the MPN at studentaid.gov

  3. Complete Entrance Loan counseling online.
    Complete counseling at studentaid.gov

Once you have completed the above, our office will be notified all steps have been completed and funds will be issued to the university on your behalf at the start of the school semester.

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