Financial Aid

Image8AFederal Direct Graduate PLUS Loans

General Information and How to Apply

The Hawai‘i Pacific University Financial Aid Office is committed to assisting you with funding your education. The Federal Graduate PLUS Loan (Grad PLUS Loan) enables eligible graduate students with good credit history to borrow funds in addition to their student loans up to their Cost of Attendance. Although we do not encourage unnecessary borrowing, we want to make you aware of this option to assist with your financing. 

Apply for a Direct Graduate PLUS Loan

For a Grad PLUS Loan, you must complete a Direct PLUS Loan Application and Master Promissory Note (MPN). Please log-in to with your FSA ID and password.


Step 1: Complete the Graduate PLUS loan application.

Click on "Graduate/Professional Students" tab.  Select “Apply for a PLUS Loan” from the options on the screen.  Complete the steps necessary for the application process. 

Step 2: Complete the Graduate PLUS loans Master Promissory Note (MPN). 

Select “Complete Loan Agreement for a PLUS Loan (MPN)” from the options on the screen.  Complete the steps for the MPN process.  The Graduate PLUS loan MPN is a legal document in which you promise to repay the loan and any accrued interest and fees to the Department. It also explains the terms and conditions of the loan. In most cases, one MPN can be used for Graduate PLUS loans that you receive over several years of study, although a separate Loan Request (application) must be filed for each school year to apply for the loan.

Upon approval and the designation of HPU as your school, information is sent to HPU to process your loan.

Terms and Conditions

The terms and conditions for PLUS Loans for graduate and professional students include the following:

  • a determination that you (the applicant) do not have an adverse credit history; and
  • a fixed interest rate of 6.31% for the 2016-17 academic year.

You (the student applicant) are also required to complete the Free Application for Federal Student Aid (FAFSA). In addition, before you can receive a Federal PLUS Loan, your school must have determined your maximum eligibility for Direct Student Loans.

Amount to Borrow

The maximum PLUS Loan amount you can borrow is your cost of attendance (determined by the school) minus any other financial assistance you will receive.

Interest Rates and Fees

For the most current information, please go to


The repayment period for a Federal Direct Grad PLUS Loan begins when the loan is fully disbursed, and the first payment is due 60 days after the final disbursement. However, you may defer repayment while you are enrolled at least half-time, and an additional six months after you cease to be enrolled at least half-time.

There are several repayment plans that are designed to meet the different needs of individual borrowers. Generally, you'll have 10 to 25 years to repay your loan, depending on the repayment plan that you choose.