How is graduate PLUS loan funding disbursed?

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Your lender (for a FFEL Graduate PLUS Student Loan) will send the loan funds to your school. Your school might require you to endorse a disbursement check and send it back to the school. In most cases, the loan will be disbursed in at least two installments, and no installment will be greater than half the loan amount. The funds will first be applied to your tuition, fees, room and board, and other school charges.

If any loan funds remain, you will receive the amount as a check or in cash, unless you authorize the amount to be released to your school account. Any remaining loan funds must be used for your education expenses.

Graduate PLUS Loan FAQs

How much can I borrow with a GradPLUS loan?

How are graduate PLUS loan funds disbursed?

What are graduate PLUS loan credit requirements?

Do I need a co-signer?

Can I use a graduate PLUS loan for my Online degree?

Can I cancel the loan if I change my mind, even if I have signed the promissory note agreeing to the loan's terms?

What's the interest rate on GradPLUS Loans?

Get your questions answered by our experts at the Grad PLUS forum.

Additional Graduate Financial Aid Help

• Graduate Stafford loan frequently asked questions
• Graduate PLUS loan frequently asked questions
• Graduate private student loan frequently asked questions

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