College of Law

Direct Grad PLUS Loans

The Direct PLUS Loan was previously available only to the parents of dependent undergraduate students. Beginning with the 2006-07 academic year, availability is extended to graduate/professional students. The graduate/professional student is both the borrower and the student and must be credit worthy as determined by the lender. A graduate/professional student can borrow up to the cost of attendance less any other financial aid received.

Interest Rates

The Direct Graduate/Professional loan interest rate is fixed at 7.21%. Interest begins to accrue at the time of each loan disbursement.

Loan Fees

There is a 4.292% origination fee charged by the U.S. Department of Education for processing the Direct Graduate/Professional loan. The loan fee is deducted proportionately from each disbursement of the Direct Graduate/Professional loan.

Credit Checks

Borrowers of the Direct Graduate/Professional loan must pass a basic credit check and not have an adverse credit history. Adverse credit history is defined as:

  • 90 days or more delinquent on the repayment of any debt.
  • any debt discharged in bankruptcy during the 5-year period before the date of the credit report.
  • default determination on any debt, a foreclosure, a tax lien, a repossession, a wage garnishment, or a write-off of a Title IV debt during the 5-year period before the date of the credit report.

Denied Credit Checks

If you do not pass the credit check, there are two options available to you.

  1. Contact your Direct Loan Servicer if you believe there was an error made on the credit check.
  2. Obtain a credit-worthy endorser. The endorser would need to pass the credit check, agree to endorse the Master Promissory Note, and agree to repay the loan if you would fail to do so. Information about how to proceed with this option will be included in your denial letter from your Direct Loan Servicer.


A positive credit check and completed PLUS Master Promissory Note must be received before any funds can be disbursed to your account. Estimated loan amounts will appear on your UT student account if we have received notification of a positive credit check.


Repayment on a Direct Graduate/Professional loan begins 60 days after the final disbursement of the loan and will continue while you are enrolled in school. However, you may request a deferment while enrolled on at least a half-time basis (minimum of 6 credit hours). If you would like to request a deferment, you should contact your Direct Loan Servicer.

Student Eligibility

Before any Direct Graduate/Professional loan proceeds can be disbursed, you must be:

  • Enroll and attend at least half-time (6 credit hours) at the graduate/law level 
  • Enrolled in a degree-seeking program (cannot be provisional or special student status) 
  • Maintaining satisfactory academic progress


Direct Graduate/Professional Loan Process

  1. Complete the Graduate/Professional Direct Plus Loan Application, Grad/Plus Entrance Counseling and Grad/Plus Direct Loan Master Promissory Note (MPN) at
  2. Enroll and attend classes for at least 6 credit hours at the graduate level in a degree-seeking program (can not be provisional or special student status).


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Last Updated: 3/7/18