The graduate PLUS loan program is for students in master's or doctoral degree programs.
Interest: Currently fixed at 7.9 percent. This loan is not subsidized by the federal government. Interest is capitalized and accrues while in school.
Repayment: Begins within 60 days of the final disbursement; there is not a grace period.
- Students must be in a master's or doctoral degree program.
- Students must be enrolled at least half time.
- Students must be achieving satisfactory academic progress as established by the Northridge Financial Aid & Scholarship Department.
- Students may borrow up to the full cost of your education as determined by the Northridge Financial Aid & Scholarship Department.
- A Free Application for Federal Student Aid (FAFSA) must be on file. Apply for other types of aid first; students must apply for the maximum amount in the Stafford loan programs before applying for a PLUS loan.
- Submit the PLUS loan request form under "Forms & Documents" for the current academic year to the Financial Aid & Scholarship Department. Do not use the "Request PLUS Loan" link found at StudentLoans.gov; Northridge does not accept PLUS applications submitted via StudetntLoans.gov.
- Complete the electronic Master Promissory Note (MPN).
- Complete Loan Entrance Counseling (LEC). Make sure you select the "Entrance Counseling" link.
- The PLUS loan award is subject to a credit decision from the Department of Education. If a PLUS loan is added to a student's award package, it does not guarantee loan approval.