Federal Direct Graduate PLUS Loan

Interest: 9.07% for loans first disbursed on or after July 1, 2026, and before July 1, 2027. Interest accrues from the date the loan disburses

Origination Fee: 4.228% for loans first disbursed between October 1, 2020 - October 1, 2026.

Repayment options: During the application process the student can choose to defer payments while the student is enrolled in school; and/or 6 months post-enrollment. For more more information on Loan Repayment click the link below:

Loan Repayment

New student borrowers cannot borrow a Direct Graduate PLUS Loan. In certain circumstances, students who have borrowed a federal student loan prior to July 1, 2026, may be eligible to borrow the Graduate PLUS loan as a legacy borrower. For more information on legacy eligibility visit:

Graduate PLUS Legacy Borrower Eligibility

To receive a Direct Graduate PLUS Loan, you must:

• Be considered a legacy borrower.
• Have a completed FAFSA application on file.
• Must pass a credit check/not have an adverse credit history
  • Adverse credit history is defined as being more than 90 days late on any debt or having any Title IV debt within the past five years subjected to default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write-off.
• The student must meet all other general eligibility requirements for federal aid.
• The student must be making Satisfactory Academic Progress (SAP)
• The student must be enrolled in at least 6 credits (half-time).
• The student must be a degree-seeking student.
• This loan is for Graduate Students ONLY (must be seeking a graduate degree - i.e. Master's Degree)
  • Students seeking a Post-baccalaureate Certification (teacher certification), and Undergraduate students do NOT qualify for this loan.
• Students must complete Direct Loan Counseling and a Master Promissory Note before the Graduate PLUS Loan can be disbursed (See the section below: "What additional steps must I take to receive my loan?").

We request that you do not apply for the PLUS loan until after May 1; prior to the year the student will attend (i.e. May 1, 2026, for the 2026-2027 Academic Year).

Please be advised that if you do not indicate a loan period on your loan application, the loan term will default to the academic year (Fall/Spring). It is EXTREMELY IMPORTANT to indicate the correct loan term dates to ensure the correct processing of your PLUS loan

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2026-2027 LOAN PERIOD DATES

Summer/Fall/Spring: 05/2026 - 05/2027

• The student must have a Summer Aid Application on file requesting to use the PLUS loan throughout the entire academic year or for the summer term only.
  • If you choose the option Summer/Fall/Spring and apply for a specific amount: it will generally be processed and split into thirds.
  • If you choose the option Summer/Fall/Spring and "I wish to receive up to the maximum cost of attendance": your loan will be processed based on the maximum budget for each semester.
  • If you choose the option Summer Only, you will be awarded up to the student's maximum budget at the time we receive the application; which is based on the total number of credits they are enrolled in summer.

Fall/Spring: 08/2026 - 05/2027 (recommended option)

Spring Only: 01/2026 - 05/2027 (do not apply until after November 1st)

To apply for a Direct Graduate PLUS Loan, you must:

• Go to: studentaid.gov and log in using your information.

To log in, you will need:

• FSA User ID and Password this is the same ID and password used to sign the FAFSA.

Once logged into your account:

• Follow directions carefully and complete each section in its entirety.
• Review all information for accuracy before submission; then click "SUBMIT".

Once the application has been submitted:

• You will immediately receive an approval or denial.
• If approved, you will need to complete a Loan Agreement/Master Promissory Note (MPN).
• If denied, click here.

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If you have been approved for the Direct Graduate PLUS Loan, and choose to borrow the funds, you MUST complete the a Master Promissory Note (MPN). Click the link below for instructions.

Master Promissory Note (MPN)

Graduate students who are denied a Graduate PLUS loan have two options. They can try to appeal the decision to the Department of Education, or add an endorser (co-signer) on the loan. If denied a Graduate PLUS loan, the student is NOT eligible to receive additional unsubsidized loan money.

Please click here to see additional information on your Graduate PLUS Denial Options and how to complete them.

• The school can refuse to certify a student's loan application OR certify the loan for an amount less than the student would otherwise be eligible. The school must document the reason for its action and explain the reason to the student in writing. The decision of the school is final and cannot be appealed to the Department of Education.
• During the repayment period, under certain circumstances, the USDE may grant deferments, forbearances, or cancellations. The student must contact USDE.
• Yearly limit is equal to the student's Cost of Attendance minus any other financial aid received by the student.
• You may cancel all or a portion of the loan within 14 days after the date the school has sent notification that the loan funds have been credited to the student's account. Contact the Office of Financial Aid to cancel the loan.
• Interest is charged from the date the first disbursement is made until the loan is paid in full.
• You have up to 10 years to repay loan depending on the size of your debt.

In accordance with U.S. Department of Education regulations (HEOA 489 amended HEA Sec.485B), Millersville University and the Office of Financial Aid acknowledges to students and parents that when the student enters into an agreement regarding a Title IV (HEA) loan, i.e.: Direct Student Loan and Direct Parent  and Graduate PLUS Loans that the loan will be submitted to NSLDS (National Student Loan Data System) and accessible by authorized agencies, lenders, and institutions.