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Western Kentucky University

Student Financial Assistance

Graduate Plus Loan Information


What is a Grad PLUS loan?

 A Grad Plus loan is a low-interest loan that is available for Graduate students only.  Graduate Students are eligible to borrow up to the cost of education less any other financial aid.  This loan should only be borrowed once the Graduate student has borrowed all their Subsidized/Unsubsidized Stafford loan eligibility.  The gross amount awarded is reduced by an origination fee charged by the Federal Government, resulting in the actual net amount received by the student.

Repayment of a Graduate PLUS loan is deferred while student is enrolled.  However, interest begins accruing once the loan funds are disbursed.


If interested a graduate student could then go through a pre-approval process to apply for addtional funds through the Grad Plus.

The following steps must be followed before loan funds can be approved or disbursed:

Grad Plus loan funds are disbursed at the beginning of each semester (if guaranteed prior to the start of the semester).  For those guaranteed after the start of the semester, the loan funds are credited in the next applicable refund cycle.


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 Last Modified 2/12/15