Graduate PLUS Loans

Graduates & Professional students can now borrower up to the total cost of education minus any other financial aid.  The Grad PLUS loan does require a credit check but it is not based on income or credit score.  This loan has all the same terms as the Parent PLUS loan.  However, the Grad PLUS is taken out by the grad student, not the parent.
  • Loans 1st disbursed after 7/1/2006 will be a fixed 8.5% interest rate.
  • This loan goes into immediate repayment after the first disbursement is sent to the school. 
  • The loan may be placed in an in school deferment if the borrower is attending at least halftime.
Instructions:
  1. Complete the PLUS pre-approval process that your school uses.  Please be sure to use Lender Code: 821016 when going through the process.
  2. Complete the Federal PLUS Master Promissory Note (MPN) (printable version) or via e-sign: Electronically Sign. (secure site)
  3. The funds will be sent to the school on the scheduled disbursement date.
*All loans subject to approval, including credit approval.

Click here for our esignature process.
Click here for our plus pre-approval process.
Click here for our grad plus pre-approval process.
When applying for your student loan, remember to use Lender code: 821016, selecting TexasBank as your lender.