Graduate and professional students will be eligible to borrow under the Direct PLUS Loan program. The Graduate Direct PLUS Loan allows the graduate student to borrow up to the cost of attendance minus other estimated financial assistance.  A student with an adverse credit history may be denied a Graduate Direct PLUS Loan.  This is a fixed-interest-rate loan at 8.5%.  The loan program and guaranteed fund authorize an origination fee of 3% and a default fee of 1% of the principal to be charged to the borrower.  The student receives an automatic in-school deferment while enrolled half-time or more.  Each year, the student must complete the FAFSA, the Graduate Direct PLUS Credit Decision Request, the ADU Aid Application, and the Loan Request section on the financial aid application.  The student completes the Graduate Direct PLUS Master Promissory Note only once. The loan must be certified by the Financial Aid Office while the student is enrolled at least half-time. Students requesting the Federal Direct PLUS loan for Graduate Students for the first time at ADU must complete a Graduate Entrance Loan Counseling session online at www.adu.edu before disbursement of student loans is made. Students withdrawing from school, drop to less than half-time enrollment, as well as those who graduate, must complete a Graduate Exit Loan Counseling session online at www.adu.edu in which important payback information concerning their loan is covered.

To see when the dollars have been credited, the student may look online at my.fhchs.edu, Student Account.