Grad PLUS Loan for graduate and professional students
The Grad PLUS loan is available to students enrolled in a graduate or professional program to help cover educational expenses.
- Fixed rate of 8.5%
- Repayment begins immediately upon graduation or less than part time status.
- Student can borrow up to the cost of attendance less other aid.
- An origination fee (3%) will be deducted by the lender.
- A 1% federal default fee may be deducted by the guarantor.
Most returning students who borrowed Grad PLUS Loan funds at Creighton during the past 12 months do not need to select a lender or complete a new Master Promissory Note (MPN). We will automatically process your Grad PLUS application with your current lender for the amount you accept on NEST.
First time Grad PLUS borrowers: Below is a list of Creighton's primary lenders. If you wish to use one of these lenders, click on the lender name to complete your on-line Grad PLUS MPN. The last step of your on-line loan application will be an electronic message from the lender indicating if the loan has been pre-approved or denied. If your application is pre-approved, the lender will send an electronic notification to the CU Financial Aid Office for processing. By law, loan funds cannot be disbursed to the student prior to the academic term start date.
PLUS loans have a fixed interest rate of 8.5%. A 3% origination fee will be deducted by the lender from each disbursement. Repayment begins immediately upon graduation.
Many of the lenders listed below offer borrower benefits for the PLUS program. Please review the terms on each lender's web site.
View the on-line Loan Program Guide
View a chart that shows estimated monthly loan payments