PLUS Loans for Graduate Students

Federal PLUS Direct Loan is a program available to graduate students who are enrolled at least half time.

Interest is paid on the principal amount of the loan from the date of disbursement, until the loan is paid in full.

  • For loans originated on or after July 1, 2018, the interest rate is fixed at 7.60%.  There is a net loan fee of 4.248% for loans disbursed after 10/1/2018.  This fee is deducted proportionately each time a loan disbursement is made and is subject to change. 
  • For loans originated on or after July 1, 2017, the interest  rate is fixed at 7.00%. There is a net loan fee of 4.264% for loans disbursed after 10/1/17.  This fee is deducted proportionately each time a loan disbursement is  made and is subject to change.
  • For loans originated on or after October 1, 2016, the interest  rate is fixed at 6.31%. There is a net loan fee of 4.276% of the loan.  This fee is deducted proportionately each time a loan disbursement is  made and is subject to change.
  • For loans originated on or after October 1, 2015, the interest rate is fixed at 6.84%. There is a net loan fee of 4.272% of the loan. This fee is deducted proportionately each time a loan disbursement is made and is subject to change.
  • For loans originated on or after July 1, 2015,  the interest rate is fixed at 6.84%. There is a net loan fee of 4.292% of the loan. This fee is deducted proportionately each time a loan disbursement is made and is subject to change
  • For loans originated on or after October 1, 2014, the interest rate is fixed at 7.21%. There is a net loan fee of 4.292% of the loan. This fee is deducted proportionately each time a loan disbursement is made, and is subject to change.
  • For loans originated on or after July 1, 2014, the interest rate is fixed at 7.21%. There is a net loan fee of 4.288% of the loan. This fee is deducted proportionately each time a loan disbursement is made, and is subject to change.
  • For loans originated on or after December 1. 2013, the interest rate is fixed at 6.41%. There is a net loan fee of 4.288% of the loan.  This fee is deducted proportionately each time a loan disbursement is made and is subject to change.
  • For loans originated on or after July 1, 2013, the interest rate is fixed at 6.41%. There is a net loan fee of 4.204% of the loan. This fee is deducted proportionately each time a loan disbursement is made, and is subject to change.
  • For loans originated on or after July 1, 2006, the interest rate is fixed at 7.9%. There is a net loan fee of 2.5% of the loan. This fee is deducted proportionately each time a loan disbursement is made, and is subject to change.
  • Subject to credit check.
  • Further disclosure of terms is available at the time of issuance of loan.
  • The yearly limit on a PLUS Loan is equal to the UW-Superior Cost of Attendance minus any other financial aid you receive. You must apply for maximum eligibility in subsidized and unsubsidized loans first.
  • PLUS Direct Loan allows loan discharge under certain circumstances. Information may be obtained by calling your servicer*.
  • For loans originated on or after July 1, 2019, the interest rate is fixed at 7.08%.  There is a net loan fee of 4.248% for loans disbursed after 10/1/2018.  This fee is deducted proportionately each time a loan disbursement is made and is subject to change. 

To apply for a PLUS loan, the Graduate PLUS loan application must be submitted to the UW-Superior Financial Aid Office.  The Grad PLUS loan is subject to a credit check.

*Direct Loans may be serviced by one of eleven service centers.  It is the goal of the Department of Education that all of your Direct Loans will have the same servicer.  To find out who is servicing your loan(s), please log onto the National Student Loan Data System (NSLDS) and view the individual loan(s).  Each will list the servicer with their customer service contact information.  Customer Service Centers include Direct Loan Servicing, Great Lakes, Nelnet, Fedloan (PHEAA), Sallie Mae, CornerStone, ESA/Edfinancial, Aspire, and MOHELA.