Graduate students are eligible to borrow under the PLUS Loan Program up to their cost of
attendance minus other estimated financial assistance in the Direct Loan Program.
Graduate PLUS applications are now available at
www.StudentLoans.gov! Processing will begin in late July 2016.
Must be fully admitted as a degree-seeking student at ISU.
Must be enrolled at least half-time when the loan is expected to be disbursed.
Fall 2016 - Spring 2017 PLUS Loan applications
are going online. The electronic application is available atwww.StudentLoans.gov.
For optimal experience, users should visit this site in Chrome or Firefox web
browsers, Internet Explorer is not supported.
l Borrowers will need to have
their own FSA ID. l Student
logs into www.StudentLoans.gov l To begin
the application, select "Apply for a PLUS Loan" then select "Complete PLUS
Graduate/Professional Students" l
IMPORTANT: Once you are in the application, be sure to start with "Select
an Award Year." l A Credit
Check will be initiated at the end of the application with immediate results.
The loan will be submitted to the
National Student Loan Data System (NSLDS),
and will be accessible by guaranty agencies, lenders, and schools determined to
be authorized users of the data system.
Payment may be deferred if the student is enrolled half-time. Contact
Federal Student Loans to request deferment.
Disbursement of Funds
Loan funds are applied to student accounts approximately ten days before the
start of the semester.
Half of the amount applied for
is disbursed at the start of the fall semester and the other half at the start of the spring semester.
Funds will first cover direct educational expenses on the student's account.
Any excess funds are refunded to the student via ACH direct deposit or sent
to the student's permanent address.
Borrowers have the right to cancel all or a portion of the loan with no penalty by submitting a loan
cancelation form within 14 days of disbursement. Visit
http://indstate.edu/finaid/lar-form.htm for the form.