Criteria: good credit history; enrolled at least half time; meeting the Satisfactory Progress Policy requirements.
Amount: Variable up to cost of attendance.
Interest: Fixed at 7.9 percent
Repayment: Begins 60 days after graduation
Other: Obtain application from the Financial Aid Office or print one from the information below.
More Information
Michigan Technological University participates in the William D. Ford Direct PLUS Loan Program. This program allows a graduate student to borrow directly from the U.S. Department of Education, through Michigan Tech.
To apply for a Direct PLUS Loan, please submit a completed application to Michigan Tech's Financial Aid Office.
After the Financial Aid Office has received notification of your acceptance of the Direct Subsidized/Unsubsidized loan, the Direct PLUS loan will be submitted electronically to the Department of Education. Upon receiving credit approval, a promissory note may need to be completed. The Financial Aid Office will notify the student by email that the promissory note is available. A Disclosure Statement will be provided indicating disbursement date(s) and repayment information. The interest rate is fixed at 7.9%.
For additional information, a Q & A about the Direct PLUS Loan for Graduate Students is available.