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The Deficit Reduction Act of 2005 allows graduate and professional students to borrow under the Federal PLUS loan program on their own behalf. The PLUS was previously available only to the parents of dependent undergraduate students.

Special notice to grad PLUS borrowers

Students interested in receiving a Federal Graduate PLUS Loan should read this important notice.

Eligibility criteria

  1. Enrolled at least half-time
  2. Not in default on another student loan
  3. U.S. citizen or eligible non-citizen
  4. Maintaining Satisfactory Academic Progress
  5. Good credit standing
  6. Parents cannot borrow on graduate/professional student's behalf

Amounts and selection process

Student may borrow up to the total cost of education minus financial aid with no aggregate maximum.


For the 2018-19 academic year, the interest rate will be a fixed rate of 7.6 percent. Interest accrues while the student is in school. Students may choose to make quarterly interest and principal payments or have the loan deferred and interest capitalized once at the time of repayment. Standard repayment period is 10 years. A net 4.264 percent processing fee is deducted from the loan proceeds when funds are disbursed. For loans in which the first disbursement is on or after October 1, 2018, the origination fee will be 4.248 percent.

Repayment begins six months after the last date of half-time enrollment.

Application process

  1. File the Free Application for Federal Student Aid (FAFSA).
  2. Complete and Submit a Grad PLUS Credit Authorization Form to the Office of Student Financial Aid.
  3. If you have an active credit freeze on your credit profile at one or more of the credit bureaus, you will need to remove this freeze with any credit bureau that you placed it with before we can process your loan request.
  4. Federal loan servicing center will proceed with a credit check.
  5. Following loan approval, borrower receives a letter to complete entrance counseling and the Grad PLUS electronic Master Promissory Note (eMPN).
  6. Beginning March 29, 2015, new loans that are approved after documenting extenuating circumstances or obtaining an endorser will require the borrower to complete PLUS Loan Credit Counseling through

Renewal process

Award is renewed only if all necessary forms are filed each year and students continue to meet eligibility requirements. Students will be required to complete entrance counseling and an eMPN if these requirements were not previously completed at Marquette.



The Office of Student Financial Aid provides undergraduate and graduate students with resources about types of financial aid and student employment.

FAFSA School Code: 003863

Questions or for more information, contact the Office of Student Financial Aid