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Developing Whole Leaders for the whole World

Graduate Students

Federal Plus loans are supplemental to the student's Federal Stafford loans. They help students finance the full cost of education. Qualifying students can borrow up to the total cost of education including tuition, room, board, books and travel.

Loan Amounts

The maximum loan amount is based on the student's cost of attendance minus any other financial aid awarded to the student. The school determines the amount the student is eligible to borrow and notifies the student via the Award Notification on vision.oru.edu. The school may be required to adjust the loan amount if the student's FAFSA or enrollment changes.

Interest Rate

Interest Rate..........................8.5%


Federal law requires certain fees to be taken out of the Federal Plus loan. Up to a 3% origination fee and up to a 1% federal default fee will be deducted from the total loan prior to disbursement.


Federal Plus loans are available to graduate students. The student borrower must pass a credit check and be a U.S. citizen or eligible noncitizen to qualify. 

Credit Check

Federal law requires the lender to perform a credit check before approving a Plus loan. If the student has an adverse credit history, the borrower may be able to apply with a credit worthy endorser.


Traditional repayment begins 60 days after the second disbursement. However, a student can request to defer payment while they are enrolled in school at least half-time and during the six-month grace period after graduation. The borrower can make interest-only payments or allow the interest to be capitalized into the balance of the loan.

  • Minimum payment is $50 per month.
  • Standard repayment term is 10 years (extended, graduated and income-sensitive plans are also available).
  • Click on the following link to access a list of our recommended lenders and their secure on-line applications: PLUS Recommended Lenders.

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