Financial Aid

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Graduate and Professional PLUS Loan

Note: Graduate PLUS Borrowers can apply for 2015-16 PLUS Loans any time after May 11, 2015.

Graduate/Professional PLUS loans are available to help graduate students finance any remaining educational costs not covered by other forms of student financial aid. The Graduate/Professional Student PLUS is similar to the Parent PLUS program, since the terms and conditions include:

  • A determination that the applicant does not have an adverse credit history
  • Repayment beginning on the date of the last disbursement of the loan
  • A fixed interest rate of 6.84 percent (for loans disbursed after July 1, 2015) 
  • A fee of 4.292% of the loan amount, deducted proportionately each time a loan disbursement is made.  (subject to change)

In addition...
Applicants for these loans are required to complete the Free Application for Federal Student Aid (FAFSA) to determine the maximum loan eligibility through the Federal Unsubsidized Direct Loan Program before applying for a Graduate/Professional PLUS loan.

You will also need to create the FSA ID number to complete this process. The Federal Student Aid site provides a link below the "Log In" and the Department of Education has created this one page guide on 
How to create the FSA ID

How To Apply:

STEP 1: File the Free Application for Federal Student Aid (FAFSA), which is available online at 

STEP 2: Complete the Enrollment Worksheet for Independent Students, which can be downloaded from the Forms page.

STEP 3: Determine how much Graduate/Professional PLUS Loan is needed to cover the cost of education.( Before applying for a Graduate/Professional PLUS loan, borrowers must apply for their maximum eligibility in Federal Unsubsidized Direct Loans.)

STEP 4: Complete the Entrance Counseling requirement:

1.    Visit
2.    Click on the green "Log In" button.
3.    Sign in with your Username and FSA ID.
4.    Click on "Complete Counseling" and follow the instructions for "Entrance Counseling."

STEP 5: Apply for the Graduate PLUS and complete the electronic Master Promissory Note (eMPN):

1.    Visit
2.    Click on the green "Log In" button.
3.    Sign in with your Username and FSA ID.
4.    Click on "Request A Direct PLUS Loan" and follow the instructions for the "Graduate PLUS".
5.     If approved, click on "Complete Master Promissory Note" and follow the instructions.

STEP 6: The Department of Education will transmit loan application information to Baldwin Wallace University.

STEP 7: Baldwin Wallace University will then finalize the loan through the Department of Education.

Federal Direct GradPLUS Loan Change Request Form

Information on Federal Direct Graduate/Professional PLUS Loans (from the Department of Education)

Federal Loan Consolidation - For Graduate/Professional PLUS borrowers who have PLUS loans with different lenders/servicers and wish to combine their PLUS Loans into one new Consolidation Loan.(Graduate/Professional PLUS loans can be consolidated with other federal education loans, such as the Stafford and Perkins loans.)

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