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Apply for a Federal Direct Graduate PLUS Loan

Phillips Graduate Institute participates in the Department of Education’s Federal Direct Loan Program. Prior to applying for the Federal Direct Graduate PLUS loan, students must complete the Free Application for Federal Student Aid (FAFSA); be a United States citizen or eligible non-citizen; enrolled in school at least half-time; demonstrate credit worthiness or have a credit-worthy co-signer, and have applied for the Federal Direct Stafford subsidized and/or unsubsidized loan.

There are no aggregate loans limits with the Federal Direct Graduate PLUS Loan, and students can borrow the difference between the cost of attendance and financial aid that was awarded to them. Students can view budget and financial aid awarded to them on the Offer of Financial Aid.

The Federal Direct Graduate PLUS loan does not have a grace period, and students go into repayment 60 days after the loan is fully disbursed. Students can contact the Department of Education for information regarding in-school deferment. Deferment may be available to students who are attending half-time in a degree seeking program or during internship and residency. The Federal Direct Graduate PLUS loan interest rate is 7.9% fixed.

Borrowers are required to complete entrance counseling and the Federal Direct Graduate PLUS Loan Master Promissory Note. Students can apply for a Federal Direct Graduate PLUS Loan and complete the Master Promissory Note by following the directions below:

Go to: www.studentloans.gov

Sign in using your FAFSA PIN number

Verify your personal information

Click on: COMPLETE ENTRANCE COUNSELING 

Click on: COMPLETE MASTER PROMISSORY NOTE

Select loan type: GRADUATE PLUS LOAN

Follow through until the process is complete


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Phillips Graduate Institute

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19900 Plummer St. Chatsworth, CA 91311
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Phone: (818) 861-6627

Main Fax: (818) 386-5699

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