Federal Graduate Student PLUS Loans

If you want to borrow a Federal Graduate Student PLUS Loan, please complete the steps below.

For more information about this loan program, see PLUS Loans.

Graduate students who have already borrowed the maximum amounts from the Direct Unsubsidized Student Loan program may also choose to borrow additional funds from the Graduate PLUS Loan program.

Maximum Amounts:

Your Cost of Attendance Budget
- All your other financial aid including your other loans
= Your Maximum Annual PLUS Loan Amount.

Application Steps

REQUEST A PLUS LOAN

You must wait until April 8, 2019 to apply for 2019-2020 PLUS Loans.  The federal system will not accept applications before that date.

  1. Go to StudentLoans.gov.
  2. Log in with your Federal Student Aid ID.
  3. Choose Request a Direct PLUS Loan and complete the application.
  4. Loan Amount:  choose your loan amount for this whole school year (Fall and Spring). 
  5. Loan PeriodFor Fall 2019 and Spring 2020 terms, use 8/2019 to 5/2020.
  6. After you submit this application, you should receive a quick email reply with your credit check results.
  7. If you don’t receive a reply, go to StudentLoans.gov then My Loan Documents → Direct PLUS Loan Requests.

THE MASTER PROMISSORY NOTE (MPN):

  1. New borrowers must immediately visit StudentLoans.gov and complete a PLUS MPN for Graduate/Professional Students.
  2. Repeat borrowers should confirm that their MPN is already on file by visiting StudentLoans.gov then My Loan Documents Completed MPNs.
  3. Three to four weeks after you complete these steps and have registered for classes, your PLUS funds will appear on your TU bill as Anticipated Aid.

VIEWING YOUR TU BILL

  • Go to Towson Online Services
  • Choose Self Service Student Center.
  • Scroll down to the Finances bar and choose Account Inquiry

TIPS AND COMMON ERRORS

  • All borrowers need a valid MPN and an annual PLUS Request.
  • Enter your full legal name.
  • The loan period can never exceed one academic year.

PLUS Loan Denial Options

If the federal loan processor denied your PLUS loan because of an adverse credit history, you have the following options: appeal the denial or appeal with an endorser.

APPEAL THE DENIAL

If you feel the reason that the PLUS loan was denied is no longer valid, you may appeal the credit decision with the Federal Student Aid. 

  1. Log into StudentLoans.gov with your FSA ID. 
  2. Under PLUS Loan Process select Document Extenuated Circumstances.
  3. Submit documentation showing the denial reason is no longer valid. If approved, Federal Student Aid will submit an approved PLUS loan to the financial aid office. 

APPEAL WITH AN ENDORSER

If you are unable to successfully appeal the credit decision, you may also find an endorser to co-sign your PLUS loan application. Choose an endorser with a strong credit history. 

  1. Your Endorser must log into StudentLoans.gov with their own FSA ID. 
  2. Under PLUS Loan Process select Endorse a PLUS Loan.
  3. Enter the borrower's last name and the endorser code/award identification number the borrower received when denied the loan. 
  4. Fill out and submit Endorser Addendum.

Contact

Office of Financial Aid

Location
Enrollment Services
Room 339
All Contacts & Resources
Hours
Mon-Thurs, 8:30 am-5 pm; Fri, 8:30 am-4:30 pm (Call Center)

Mon-Thurs, 8 am-5 pm; Fri, 8 am-4:30 pm (Reception Desk)
Phone
410-704-4236
Fax
410-704-2584