Federal PLUS Loans

PLUS loans are available to qualifying graduate students and parents of dependent undergraduate students. These loans are not based on financial need, so PLUS borrowers can apply for a loan amount up to the full cost of education, less other aid received. However, your school may require that you apply for financial aid before you apply for a PLUS loan. A credit check is required for a PLUS loan. To review a copy of your personal credit report before applying, click here.

Complete a Federal PLUS Loan application and find out if you are pre-approved.

Fees

Origination Fee - 3%
Default Fee - Up to 1% (may be paid by guarantors)

Discount:

U.S. Bank offers the following discount. For more information on this discount program, contact us or call 800-242-1200.

• .25% AutoPay Reduction — To help you make on-time payments, sign up for automatic payment from your checking or savings and you'll receive a .25% interest rate reduction¹

Note: Program rules and qualifications are subject to change at any time. Subsequent changes, however, will not affect loans already qualified for savings program. To qualify for this benefit, loans must be originated by U.S. Bank or a participating servicing partner and owned throughout repayment by U.S. Bank or a participating lender.

Loan Program Guide

For more details and a comparison chart of federal and supplementary loans, review our Loan Program Guide.