Tufts University Financial Aid
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GradPLUS Loan

Graduate students may participate in the federal GradPLUS Loan program. Students must first use their maximum Direct Stafford Loan eligibility prior to borrowing the GradPLUS (Direct Stafford Loans have more favorable benefits). Under this federally guaranteed loan program,  graduate students may borrow up to the total amount of education costs less any financial aid. GradPLUS borrowers will be subject to credit approval. The Federal Student Loan Support phone line is: (800) 557-7394.

NOTE: In order to use GradPLUS Loan proceeds for Tufts bill payment, the loan application should be completed via the process below at least 3 weeks in advance of the billing due date.  Once the application process is complete and the loan approved, funds will be automatically credited (minus fees) to the student account.

Graduate PLUS Loan borrowers are required to complete a FAFSA and borrow their maximum Direct Stafford Loan first before receiving this loan. 

When considering a GradPLUS loan, keep the following points in mind:

  • Interest rate on a 2014-15 GradPLUS Loan is fixed at 6.84%.
  • Origination/Guarantee fee for the 2015-16 year is 4.292%. New loans made on or after October 1, 2015 will have a fee of 4.272%.
  • Borrower must also be a U.S. citizen or permanent resident, and must be making satisfactory academic progress towards a degree.
  • Borrower must be credit worthy, as determined by the absence of adverse credit on credit history.
  • Applicants may borrow up to the cost of attendance less other financial aid.
  • Most GradPLUS loans are made to cover fall and spring semester costs. The loan funds are disbursed (minus fees) in two equal payments, 1/2 for the fall semester and 1/2 for the spring semester.
  • The maximum repayment term is 10 years.
  • Repayment begins 60 days after the loan is fully disbursed, but may be deferred while the student is enrolled at least half time.
  • If a GradPLUS is borrowed and the borrower is subsequently totally, permanently disabled, or deceased, the loan is forgiven.

GradPLUS Loan Application Process

Application for a GradPLUS Loan should be started about three weeks prior to the bill due date.  It is a two step process:

1.  Print out, complete, and return the form below to the Tufts Aid Office, Dowling Hall, Medford MA 02155.

2014-15 Federal Direct GradPLUS Request Form

2015-16 Federal Direct GradPLUS Request

2.  Complete a GradPLUS Master Promissory Note (MPN) on line at  www.studentloans.gov

The borrower will be required to use his/her U.S. Department of Education PIN to complete the online MPN.  Borrowers who do not have, or cannot recall, their PIN should go to www.pin.ed.gov

3.  Complete PLUS Loan Entrance Counseling (unless you have already completed the Combination Stafford and PLUS loan counseling) on that same linked page.

We will process your loan electronically and you will be notified by the Direct Loan Servicing Center about whether your loan is approved or denied.  When the loan is approved, and the above steps have been completed, the funds will be automatically credited to the student account.


For a Direct Loan Deferment information, click here.

In general, the same deferment provisions that apply to Direct (Stafford) Loans apply to PLUS Loans. Because PLUS Loans are unsubsidized, parents and graduate and professional degree students will be charged interest during periods of deferment. If they don’t pay the interest as it accrues, it will be capitalized* (added to their outstanding principal* balance). PLUS borrowers may defer repayment while the student is enrolled at least half-time.*

Detailed information about postponing repayment (deferment, forbearance, etc.) can be found here


  Financial Services - Financial Aid, Dowling Hall 7th Floor, Tufts University, Medford, MA,  02155  |  Tel: (617) 627-2000  |  Email