The University of San Francisco: Online Education

Federal Loans for USF Graduate Students

William D. Ford Federal Direct Loan Program: Federal Direct Unsubsidized Loans, and Direct Plus Program are student loan programs under the William D. Ford Federal Direct Loan Program. These loans are made to students who are enrolled in a USF degree program on at least a half-time basis. The U.S. Department of Education is the lender and loan funds are delivered directly to USF students' accounts through the Student Accounts office.

To apply for aid from the William D. Ford Federal Direct Loan Program, students must first complete the Free Application for Federal Student Aid (FAFSA). After USF receives the FAFSA information electronically, the Financial Aid office will determine students' eligibility and award letters will be mailed or emailed to them. Direct Student loans are electronically originated with the Department of Education as soon as USF Financial Aid Office receives the students' acceptance of their financial aid on myUSF Student Self Service. Additional requirements will include the completion of on line promissory notes and loan entrance counseling. Students must complete these requirements and be enrolled in classes before receiving their first Direct Loan disbursements.

The annual loan limit for graduate student borrowers from the Federal Direct Stafford Unsubsidized loan program is $20,500.

Federal Plus Loans For Graduate and Professional Students

The Budget Reconciliation Act of 2005, passed by the Congress and signed by the President in March 2006, authorizes graduate and professional students to borrow from the Federal Direct PLUS program.

The Federal Direct PLUS program allows eligible graduate and professional students to borrow up to the cost of attendance less any other aid they’ve been awarded. To be eligible to borrow from PLUS, graduate and professional students must file the Free Application for Federal Student Aid (FAFSA) and must first borrow from the Unsubsidized Federal Student Loan program. Among the features of the PLUS program is a fixed 6.84% fixed interest rate for aid year 2015-2016, in-school payment deferment, and fixed monthly payments. Graduate PLUS loans can be consolidated with other federal student loans and may be a good alternative to private education loan programs for some student borrowers.

If you are interested in applying for a Graduate PLUS loan, please review these instructions.