Graduate Student Information
As a grad student seeking financial aid, you may face situations unique from those that undergraduate and applied technology students encounter. Examples of those unique situations include.
Note: Graduate PLUS Entrance Counseling is a new requirement. This only applies to "first time" Graduate PLUS borrowers for PLUS loans disbursed after July 1, 2008. If you have previously borrowed a Graduate PLUS loan at ISU, you do not need to complete entrance counseling again. This must be completed thru the government web site. We can not process it for you through our office. There are computers available in the Financial Aid Lab you can access to complete the counseling.
Repayment
The first payment on a Direct PLUS Loan is due within 60 days after the loan is fully disbursed.
While you are enrolled in school on at least a half-time basis, you are eligible for an in-school deferment that allows you to postpone payments on your Direct PLUS Loan until you graduate or drop below half-time status
In most cases, the Direct Loan Servicing Center will automatically grant an in-school deferment on your Direct PLUS loan based on information reported by your school to the U.S. Department of Education showing that you are enrolled at least half time.