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Federal Direct Graduate PLUS Loan

The Federal Direct Graduate PLUS Loan is a financing option with flexible repayment options. However, you should do research first on the Department of Education website, to make sure it's the best fit for your needs. Click here to compare PLUS Loans with other types of federal loans.

There are three steps to apply for a Graduate PLUS Loan:

Log in to CalCentral.  We encourage you to accept the smallest amount of Grad PLUS needed for the year. You can accept less than the offered amount, which is your maximum current eligibility. You can also delay accepting any or all of your offer until you are sure you need it.

Complete the Grad PLUS Master Promissory Note (MPN) online. Simply log in to studentloans.gov by clicking on the green Log In button and entering your federal PIN information. Note: The Grad PLUS MPN is not the same MPN that you may have completed for your subsidized or unsubsidized loan. It is exclusive to the Grad PLUS.

Complete your Entrance Counseling at studentloans.gov. Be sure to select the "Graduate" student type when prompted.

When Do I Apply?

You can apply for the PLUS Loan at anytime after you see it offered in your financial aid package. Berkeley begins processing applications for the upcoming year in late summer and loan funds are paid to your account as early as 10 days before each semester.

Since you can apply any time during the year, it is important to note that all online application requirements for fall/spring loans must be completed no later than March 30 to ensure payments to eligible borrowers.

How Do I Cancel or Reduce My Grad PLUS Loan? 

You have the right to cancel or reduce a Grad PLUS loan within 120 Days of disbursement without being charged interest and other loan fees. The disbursement date is the date the funds were applied to your bill.

To request a cancellation, do not send a payment to the lender; log in to CalCentral. Look for "Loans & Work-Study" and enter your changes where indicated.

Your reduction will result in a charge to your account which you must pay. You pay to your UC Berkeley account, rather than sending money to your servicer.

After 120 days past your loan disbursement date, you cannot cancel your loan. However, you can make a regular payment to your Direct Loan Servicer.