Federal Direct GRADUTE PLUS Authorization Form - Montana State - montana 2025

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Unlike other federal direct student loans, theres no borrowing limitits up to your grad schools cost of attendance. The interest rate for a Grad PLUS Loan is higher than for a direct unsubsidized loan.
Authorizations are required for Federal Student Aid to share your personal and loan information, contact preferences, and loan information to loan servicers or guaranty agencies.
How to Request an Increase Login to the Federal Student Aid website. Sign in using FSA ID. Under Apply for Aid, select Apply for a Grad PLUS Loan Start application. Select award year. Under reason for Direct PLUS Loan request, select Change. Select the PLUS loan application you want to increase.
Interest Rates for New Direct Loans Loan TypeBorrower TypeFixed Interest Rate Direct Subsidized Loans and Direct Unsubsidized Loans Undergraduate 6.53% Direct Unsubsidized Loans Graduate or Professional 8.08% Direct PLUS Loans Parents and Graduate or Professional Students 9.08%
For Direct PLUS Loans first disbursed on or after July 1, 2024, and before July 1, 2025, the interest rate is 9.08%. This is a fixed interest rate for the life of the loan. Additionally, there is a loan fee on all Direct PLUS Loans.
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Interest, Fees Lender Because Federal Direct Unsubsidized Loans have lower origination fees and interest rates than Grad PLUS, it is recommended to accept all Unsubsidized Loan eligibility prior to determining if you wish to accept Grad PLUS Loans.
The federal direct Grad PLUS loan is a credit-based loan that graduate students may borrow to help pay their educational expenses. The graduate student borrower may borrow up to the total estimated cost of attendance minus any other financial aid received.

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