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PLUS Loan for Graduate

A Federal Direct Graduate PLUS loan is an unsubsidized loan available to graduate students.

Who can apply for a Graduate PLUS loan

  • You must attend at least half-time (6 hours)
  • You must have good credit history. (If you have weak credit you may be eligible with a credit-worthy co-borrower or by documenting extenuating circumstances)
  • You must complete the FAFSA

Adverse Credit

PLUS Counseling is required if the U.S. Department of Education(DOE) has informed you that you have an adverse credit history and you have obtained an endorser or documented to the satisfaction of the U.S. DOE that there are extenuating circumstances related to your adverse credit history. To complete PLUS Counseling, log in at and click Complete Counseling, and then select PLUS Counseling.

How is the PLUS loan repaid?

  • Repayment begins 6 months after you fall below a half-time enrollment status.  
  • The repayment term is up to 10 years
  • There is no grace period. Interest starts when the first disbursement is made  

How much can you borrow with your PLUS loan?

With a PLUS loan, you can borrow up to the cost of attendance minus any other financial aid awarded.

Interest Rate

Federal Direct Loan Interest Rates by Disbursement Dates
Loan Type First Disbursed between July 1, 2015 and June 30, 2016
Direct Subsidized and Unsubsidized Loans (for Undergraduate Students) Fixed at 4.29%
Direct Unsubsidized Loans (for Graduate or Professional Students) Fixed at 5.84%
Direct PLUS Loans (Parents and Graduate or Professional Students) Fixed at 6.84%

Origination fee of 4.276%

In addition to charging interest, PLUS loans also charge a 4.276% origination fee. The fee comes out of the first funds you receive from your loan. Please double check all fees and interest charges at

Applying for a Direct Graduate PLUS Loan is a four-step process

  1. Complete the Free Application for Federal Student Aid (FAFSA)
  2. Complete a Federal Direct Graduate PLUS Loan Application online at The U.S. Department of Education will complete a credit check. UHCL will receive your online application and credit decision within a week.
  3. Complete Direct Graduate PLUS Loan entrance counseling (link is
  4. Complete the Direct PLUS Master Promissory Note (MPN) after being notified by our office to do so

After your Grad PLUS Loan is approved, we’ll ask you to complete the Federal Direct PLUS Loan Master Promissory Note. The MPN acts as a contract between you and the U.S. Department of Education. By signing the MPN, you promise to repay the amount loaned and agree to other important terms of the loan. You must complete the MPN so we can apply the funds to your account. You can sign the MPN online at

Receiving your money

Your loan money will be applied to your student account. We deduct tuition, fees and/or other balances. If there’s anything left over we refund it to you according to your Higher One refund preference.

Contact Us

University of Houston-Clear Lake
Office of Financial Aid
SSCB 1.105
2700 Bay Area Blvd.
Houston, TX 77058-1098

(281) 283-2480

(281) 283-2502


Fall/Spring Hours:
Mon-Thurs. 8am - 6pm
Fri. 8am-5pm

Summer Hours:
Mon-Thurs. 8am - 6pm
Fri. 8am-noon

School Code: 011711
Last updated: 10/11/2016 UTC
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