Site Home Prospective Students Returning Undergraduates Graduate Students Part-Time Students International Students
International Students Tax Information Other Administrative Offices Contact Aid Advisors Site Map

How to Apply

What Does it Cost?

Paying Your Bill





Work Opportunities


Site Map

| Part-Time Students

Federal Direct Student Loan Federal Direct Graduate PLUS Loan Federal Perkins Loan
Alternative Student Loans

Loan Adjustment Form. If you want to cancel a loan already offered to you or request an increase to a loan already offered to you, please complete the Loan Adjustment Form.

If you borrow from one or more of the Federal loan programs, information regarding your Federal loans will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guarantee agencies, lenders and institutions determined to be authorized users of the data system.

Federal Direct Student Loan (Top)

Hopkins participates in the Federal Direct Student Loan Program. The U.S. Department of Education makes these loans, through Hopkins, directly to the student for educational expenses.

Eligibility is determined by review of your FAFSA data. See Eligibility Criteria information to determine if you are eligible to borrow a Federal Direct Student Loan.

Federal Direct Unsubsidized Loan:

Eligible graduate students may borrow up to a maximum total of $20,500 per academic year from the unsubsidized Direct Student Loan program. An origination fee of 1.069% is deducted from the gross amount of the loan. The origination fee may change based on congressional legislation. Interest begins accruing from the date of disbursement on an unsubsidized loan. The interest rate for 2016-17 is 5.31%. The interest rate for 2017-18 is 6%.

The Direct Loans available to graduate students are unsubsidized, meaning that interest is charged on the loan starting from the date of disbursement. While enrolled in school, the borrower may choose to pay all, part, or no interest at all. If the borrower chooses to make partial interest payments or no interest payments, the unpaid interest is added to the principal of the loan which makes the loan more costly. We encourage students to make interest payments while in school, if possible. Student borrowers may view their loan history at On NSLDS you may obtain contact information for the organization which is servicing your loan. The servicer will handle billing, deferment requests, and arrangements for payment of interest on your loan.

First-Time Borrowers:

If you choose to accept a Direct Student Loan offered as a part of your aid package and you are a first-time borrower at Johns Hopkins, you will need to complete Entrance Counseling and a Master Promissory Note at

  • Sign in with your FSA ID and other identifying information.
  • Complete the on-line processes for Entrance Counseling and Master Promissory Note. Be sure to select Johns Hopkins University-ASEN as the school to receive your information.
  • Select Loan Type 'Subsidized/Unsubsidized'.

Follow the instructions, and remember to print a copy of the promissory note for your records. For assistance with signing the Direct Loan Electronic Master Promissory Note, call Applicant Services at 800-557-7394. The master promissory note is valid for 10 years of consecutive borrowing at JHU. The loan proceeds will be credited to your student account 10 days prior to the start of the semester. Students who signed a Direct Loan master promissory note in a previous year are not required to sign a new note.

Repayment and More:

The Direct Student Loan Program simplifies the application process for students and provides quicker access to loan funds. The loan repayment allows more options for repaying the loan through extended, graduated, and income contingent plans. Loan repayment information will be sent with the promissory note and at the time of repayment. Loan repayment information as well as interactive calculators are available on the web.

Additional information regarding Federal Direct Loans:

Estimate monthly payments on student loans

Information about Public Service Loan Forgiveness

Deferments & Forbearances

Consolidating your Federal Direct Loans

• Access your student loan history on-line through the National Student Loan Database

• Contact the U.S. Department of Education's Student Loan Ombudsman to informally resolve loan disputes and problems.


Federal Direct Graduate PLUS Loan (Top)

This credit-based loan program is available to graduate students whose maximum federal loan eligibility is not sufficient to cover their educational costs. Before applying for a Grad PLUS Loan, the student must complete and submit the FAFSA. The Office of Student Financial Services must first determine their eligibility for the maximum annual Federal Direct Loan amount. Grad PLUS loan eligibility is based upon the student's credit-worthiness, along with the eligibility criteria for all federal student loans.

After your Federal Direct loan eligibility has been determined, you may apply for the Graduate PLUS loan by completing and submitting a Grad PLUS Loan Request for the appropriate year at New borrowers also complete the submission process for the Master Promissory Note on this website.

Credit Review:

Credit approval is based on federally mandated criteria, not a credit score. In order to qualify, you must not have any of the following items on your credit report:

  • Any current delinquency of 180 days or more
  • Any of the following items within the preceding five years of the date of the credit report: Default, Bankruptcy, Discharge, Foreclosure, Repossession, Tax Lien, Wage Garnishment, Write-off of a Title IV Debt; Open Collection

A PLUS loan applicant may qualify for a PLUS loan based on extenuating circumstances if the applicant:

  • Has been or is delinquent for 180 days or less on mortgage loan payments, or on medical bill payments for the applicant or the applicant's family, and
  • Does not otherwise have an adverse credit history as determined in accordance with the federal regulations that apply to PLUS loan applicants

Credit Approval:

Credit approval is valid for 180 days. Your credit is evaluated every time you request a new loan unless you have had a credit decision within the preceding 180 days.

If you think you may have one or more of the items outlined in the credit requirements listed above you may want to obtain your credit report in advance. You may be able to fix an item such as delinquency by simply making a payment and bringing your delinquency to less than 90 days. If you have had a situation with a discharge or collection item for example, you may be able to obtain a "settled in full" status if you work with the entity to reach a satisfactory arrangement. If you are able to fix an item, it is no longer considered in the credit evaluation and it may result in your credit being approved.

Credit Denial Options:

  • Apply with an endorser
  • Correct any invalid information on your creidt report that may have led to the denial
  • Appeal the denial
  • Contact the financial aid office to explore your options. We will review your award to make sure you are taking advantage of all loan and college work-study options.

Correspondance will be sent to Direct PLUS Loan applicants who receive an adverse credit determination. Information will include instructions to appeal the denial of a Direct PLUS Loan application.

Borrowing Eligibility:

  • Borrowers apply for the Graduate PLUS for each academic year that they wish to borrow. Multi-year loans may be consolidated.
  • Borrowers are encouraged to apply for the amount needed for the academic year (not semester by semester).
  • The loan amount may not exceed the cost of attendance for the academic year less any financial aid the student is eligible to receive. Students must be considered for their full eligibility under the Federal Direct Loan program before a Graduate PLUS will be certified.

Loan Terms & Disbursement:

  • The 2016-17 interest rate for the Grad PLUS is fixed at 6.31%.
  • The 2017-18 interest rate for the Grad PLUS is fixed at 7%.
  • The origination fee for the Grad PLUS is 4.276%. This fee is deducted from each disbursement of the loan. The origination fee may change depending on Congressional legislation.
  • Disbursements are scheduled at the beginning of each semester and are deposited directly in the student's account.


  • In school deferment is available for Grad PLUS borrowers. Interest will accrue while the loan is in deferment.
  • Grad PLUS loans do not have a grace period, but you may request a forbearance from your lender to align repayment with your subsidized/unsubsidized loans.
  • If in school deferment is not requested, repayment begins 60 days after the loan is fully disbursed. Fully disbursed means that all installments (fall and spring) have been paid. Interest begins accruing after the first disbursement.
  • There is no pre-payment penalty.
  • Consolidation options and extended or graduated repayments plans are available.

PLUS Application Procedures:

All PLUS Applicants:

  • Log in with FSA ID and other identifying information.
  • Select the "Request a Direct PLUS Loan" option.
  • Select Loan Type 'Graduate PLUS'.
  • Be sure to select JOHNS HOPKINS UNIV - ASEN when asked to provide the name of your school. Johns Hopkins has multiple campuses, and it is essential that you select Johns Hopkins - ASEN (arts, Sciences, Engineering) as the school to receive your information.

First-time Applicants:

  • Follow steps outlined above for All PLUS Applicants.
  • If credit application is approved, proceed to the step to complete a Master Promissory Note (MPN) for Graduate PLUS.
  • Be sure to select JOHNS HOPKINS UNIV - ASEN when asked to provide the name of your school. Johns Hopkins has multiple campuses, and it is essential that you select Johns Hopkins - ASEN (arts, Sciences, Engineering) as the school to receive your information.

Federal Perkins Loan

The Federal Perkins Loan program is available to students who demonstrate substantial financial need as determined by the FAFSA. No separate application is required. The maximum annual loan amount is $8,000 (usually, the award does not exceed $3,000 because of limited funding), with a cumulative total amount not to exceed $60,000 including undergraduate borrowing amounts.

Benefits of a Perkins Loan:

  • The interest rate is fixed at 5 percent.
  • Interest is paid by the federal government while the student is enrolled half-time and during the grace period.
  • Repayment begins 9 months after completion of studies and/or the student drops below half-time status. Deferment, cancellation, and repayment information is sent to all borrowers.


There is a 10-year repayment period on the Federal Perkins Loan. Johns Hopkins University is the lender. If you borrowed a Federal Perkins Loan while attending Johns Hopkins University, direct questions concerning repayment to the Student Loans Office, 1101 E 33rd Street/Suite B200, Baltimore, MD 21218.


Under certain conditions, a Federal Perkins Loan that is not in default can qualify for cancellation. A summary of the cancellation conditions is provided in The Student Guide.

Only the school that grants the Federal Perkins Loan can determine if the borrower is entitled to have any portion of the loan cancelled. Direct questions concerning repayment to the Student Loans Office, 1101 E 33rd Street/Suite B200, Baltimore, MD 21218.

Federal Perkins Credit Reporting Requirement:

Johns Hopkins must report the date and amount of each disbursement of Federal Perkins Loan funds to at least one national credit bureau.


Alternative Student Loans

Some states offer educational loan programs to residents of that state with interest rates and repayment terms that are equal to or better than the federal student and parent loans. We recommend that students and parents check with their state higher education agencies about the availability of these loans.

Private banks also offer loan programs for educational costs. For most of these loans, the student is the borrower with the parent as a cosigner. Interest rates generally are variable. *Note: If you are uncertain about your eligibility for federal loans, please contact the financial aid office prior to initiating a private loan application.

For state or private loans, the borrowing limit is the total cost of education for the academic year (as defined by Johns Hopkins University) less any financial aid already offered.

Before considering a private student loan, students are encouraged to complete the process for determining eligibility for federal student loans which are normally less costly and offer better repayment terms.


Questions to ask a Private Lender:
  • What is your lowest interest rate and fee combination and how can I get it? Is the rate only for a limited period or is it for the life of the loan?
  • For variable rate loans, is there a limit on how high the variable rate can go? How often is the interest rate adjusted, and how is it determined?
  • What interest rate can I get on a fixed-rate loan?
  • How long will I be repaying the loan? Is there any penalty for paying it off early?
  • When do I have to start making payments? How long can I defer payments while I'm in school? If I go to graduate school and defer payments, how much will I owe when I do start making them?
  • Will I lose my discount for paying on time if I have only one late payment or if I ask for a change in the payment schedule?
  • What proportion of your borrowers get the discounts you offer? Are your discounts guaranteed or are they subject to change later?
  • Would you allow me to defer or reduce my payments temporarily because of economic hardship? Under what circumstances and for how long?
  • Are there co-signer release options?

-- From the Project on Student Debt (see website below)

Consumer Information on Student Loans:

For more information on alternative educational loans go to the Project Student Debt website.

Johns Hopkins University Financial Aid Code of Conduct and Policy on Education Loans


HomeProspective StudentsReturning UndergradsGrad StudentsPart-Time Students
International Students
Tax InfoOther Administrative OfficesContact Aid Advisors Site Map