The Federal Direct Graduate PLUS Loan allows graduate and professional students to borrow a low interest, federally insured loan to cover costs not already covered by a student's aid package up to the student's cost of attendance. Eligibility is determined by the credit-worthiness of the applicant.

Federal Direct Graduate PLUS loans have a fixed interest rate of 7.9%.

Repayment is deferred until six months after the student ceases to be enrolled at least half time.

Students are required to complete the FAFSA and apply for the Federal Direct Loan program.

The University of South Carolina strongly encourages students to accept the Federal Direct Loan before applying for a PLUS Loan due to more favorable interest and repayment options.

How to apply
Federal Graduate PLUS Loan FAQ
Entrance/Exit Loan Counseling

If you have been offered a Graduate PLUS Loan and would like more information regarding the terms and conditions click here