You will be asked to "Sign In" using their FAFSA PIN.
Click on "Start PLUS Application Process"
You will authorize an immediate credit check.
If credit is approved and you are first time Grad PLUS borrower, you must complete the DL Grad PLUS MPN and DL Grad PLUS Entrance Counseling.
Interest and Fees
The interest rate for the DL Grad PLUS is fixed at 7.9%.
The DL Grad PLUS Loan has a 4.0% origination fee.
The DL Grad PLUS requires a student credit check that is only valid for ninety (90) days.
Changes made to the loan after the ninety day mark may result in additional credit check(s)
Credit Check Denial Options
If the borrower is found to have adverse credit history, than the DL Grad PLUS is denied.
If denied, the student will be given the option to appeal credit or add an endorser. An endorser is someone who agrees to repay the DL Grad PLUS if you do not repay the loan. The endorser may not be the student on whose behalf the parent obtains a DL Grad PLUS. In some cases, you may be able to obtain the DL Grad PLUS if you document to the Department of Education that there are extenuating circumstances related to your adverse credit history.
*Note: Endorser must have a Federal PIN Number to apply.
DL Grad PLUS Repayment
Repayment begins sixty (60) days after the last disbursement of the loan.
If you are a DL Grad PLUS borrower who is also a student, you can defer repayment while you're enrolled in school at least half-time and (DL Grad PLUS loans first disbursed on or after July 1, 2008) for an additional 6 months after you graduate or drop below half-time enrollment.
You can defer repayment for DL Grad PLUS
If you have multiple federal education loans, you can consolidate them into one single Direct Consolidation Loan.
You can pay by signing up for electronic debit account option.