Student Financial Aid Federal School Code: 003425

Graduate PLUS Loans

The Grad PLUS Program is designed to help graduate or professional students pay the cost of their education expenses. This loan fills the gap between the cost of education and the funding received through Federal Direct Loans and other financial aid including graduate assistantship waivers and fellowships.

Students must be enrolled at least half time and maintain satisfactory academic progress in order to be eligible. Eligibility for a Graduate PLUS loan is based on a student's creditworthiness and not on financial need. Students with insufficient credit can apply with an endorser. For PLUS loans made to graduate students that are first disbursed on or after July 1, 2008, the student has the option of beginning repayment on the Graduate PLUS loan either 60 days after the loan is fully disbursed or wait until six months after the student ceases to be enrolled on at least a half-time basis.

In order for funds to be available for payment purposes, applications should be submitted by:

  • June 15 for the fall semester
  • November 1 for the spring semester
  • April 1 for summer sessions.

How to Apply for a Graduate PLUS Loan

  1. Submit the FAFSA.
  2. Complete the Federal Graduate PLUS Loan application for the appropriate academic year on
  3. If this is your first Federal Graduate PLUS Loan, complete a PLUS Loan Master Promissory Note for Graduate Students at
  4. If this is your first Federal Graduate PLUS Loan, complete Entrance Loan Counseling at
  5. You should fully utilize all Direct Loan eligibility before borrowing through the Graduate PLUS Loan program.

Interest Rates for loans disbursed from July 1, 2015 - June 30, 2016

Interest Rates for loans disbursed from July 1, 2016 - June 30, 2017:

Loan Type Borrower Interest Rate* Origination Fee* Grace Period Deferment Repayment
Graduate PLUS Graduate Student enrolled at least half-time 6.31% Fixed

4.272% (if first disbursed between July 1, 2016 and September 30, 2016)


4.276% (if first disbursed between October 1, 2016 and June 30, 2017)

There is no grace period for PLUS loans You may receive a deferment if the student is enrolled at least half-time in a degree-seeking program of study. Repayment begins 60 days after you have received the last installment for the loan period.

Loan Amount

You may borrow up to the cost of attendance minus any other financial aid that the student is receiving for each academic year. 

Eligibility Requirements

  • The student must be enrolled at least half-time (five hours or more)
  • The student must maintain satisfactory academic progress as defined by the Clemson University Satisfactory Academic Progress Policy.
  • The borrower must not have defaulted on or owe a refund to any previous student aid program.
  • The borrower must be a U.S. citizen, U.S. national or permanent resident.
  • The borrower must be a graduate student.