Please read all information carefully. For important information on loan fees and interest rates, please view the聽Graduate Loan Chart.
Direct Loan Application
Important聽– Students who have previously completed聽the Direct Loan Master Promissory Note (MPN) and Entrance Counseling will receive the full amount of their Direct loans unless the Student Loan Change Request is submitted.
Graduate students who are eligible to borrow federal loans are required to be enrolled at least half-time each semester (3 credits or more). 鈥�
Students, who wish to borrow their Direct Federal Loans are required to complete the following steps.听 If you are not sure whether you have completed this, please review your financial aid documents through 聽(Augnet login required).
Visit the
- Complete the
- Complete the
Graduate PLUS Loan Application
- Complete the聽. Click “Log In”, enter your Username and Password.听 Select聽“Request a Direct PLUS Loan” to begin the Graduate PLUS application and聽select the amount you would like to borrow for the school year.
- Remember that the amount you borrow will be split evenly between the terms of the year. For example, if you borrow $4500, your loan will split evenly: $1500 for summer, $1500 for fall and $1500 for spring.
- 聽There is an origination fee. Review the to help determine how much you will need to borrow.
- Complete a聽聽(MPN). Click “Log In”, enter your Username and Password. Select “Complete Master Promissory Note” and select “Graduate PLUS” to begin the Master Promissory Note (MPN).
- Complete . Click “Log In”, enter your Username and Password.听 Select “Complete Counseling” and then “PLUS Counseling”
Augsburg will be notified that you have completed each step in approximately 2-3 business days.听 You can view whether or not these have been received and what aid you can expect each term by logging into your Augnet account, Records and Registration and then selecting ““.
How will my loan be disbursed?
| Length of Loan | Starting Date of Loan | Ending Date of Loan |
| 2025-2026 Academic Year | Beginning of Term | End of Term |
| Fall 2025 Only | 09/03/2025 | 12/19/2025 |
| Spring 2026 Only | 01/20/2026 | 05/08/2026 |
| Summer 2026 | 05/18/2026 | 08/21/2026 |
Private Loan Options
Private alternative loans聽should be utilized only after all other financial aid resources have been exhausted. Private loan interest rates may be variable or fixed. Rates are often based on credit strength of applicant and or cosigner. Please follow the steps listed below to apply for a private alternative loan.
- Research and choose your lender. You may look at Augsburg鈥檚聽or view other聽.听(please note: students have the option to choose a聽lender not listed on Augsburg鈥檚 lender list)
- Apply for the loan, following the steps the lender provides.
- Private loans can take 2-3 weeks to process.听 It is recommended that students begin applying for private loans before the semester starts.
- Remember that the amount you borrow will be split evenly between the terms of the year. For example, if you borrow $4500, your loan will split evenly: $1500 for summer, $1500 for fall and $1500 for spring.
*For information on how Augsburg selects lenders listed on the preferred lender list, view our聽*