Federal Direct Grad PLUS Change Request Form

This form should only be used to submit any Federal Direct Grad PLUS loan change requests and is only for graduate students who are borrowing a Grad PLUS loan.
 
(Note: This is not a Grad PLUS application and can only be used to change Grad PLUS loans that have already been approved through the Department of Education) 
 
When changing the amount of your Federal Direct Grad PLUS loan, please keep the following in mind:
 
Maximum Annual Loan Limit:
Cost of education less any other financial aid received by the student.
 
Students are encouraged to budget their costs for the entire academic year when determining the amount of Grad PLUS loan needed.
 
Fees:
There is an origination fee with any Federal Direct Student Loan. The fee for a Grad PLUS loan after 10/1/18 is 4.248%

Section 1: Student Information

Section 2: Loan Change Request

(Choose only one option below)

Option 1
 
If you wish to reduce your Federal Direct Grad PLUS loan, please complete the REDUCTION section below.
Note: You may not have requested funds for each disbursement listed below. Enter N/A for any term that doesn't apply to your loan.
I wish to DECREASE the Federal Direct Grad PLUS loan
(If you wish to cancel the loan entirely for the year, please enter zero in the box above)



Option 2 (two steps required) 
 
If you wish to increase your Federal Direct Grad PLUS loan, please complete the INCREASE section below.
Note: You may not have requested funds for each disbursement listed below. Enter N/A for any term that doesn't apply to your loan.
I wish to INCREASE the Federal Direct Grad PLUS loan
A Federal Direct Grad PLUS loan INCREASE must be approved by the Department of Education, please go to http://www.studentloans.gov and "log in." After signing in, click on "Apply for a PLUS loan" and request the amount you want for the full year. Indicate that you are increasing the loan on the 'Submission Reason' question.

Section 3: Grad PLUS Borrower Authorization

This form must only be completed by the Grad PLUS borrower.
 
By electronically signing below, I certify that I am, indeed, the Grad PLUS borrower indicated on this form and that I am requesting the total loan amount indicated above.
 *
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