General Education

Best Loans for Graduate Students

Best Loans for Graduate Students
Image from
Adam D'Arpino profile
Adam D'Arpino February 8, 2019

Noodle Programs

Advertisement

Noodle Courses

Advertisement
Article continues here

Heading back to grad school and wondering how to pay for it all? Here are four of your best options:

Federal Perkins Loans

A federal loan administered by individual schools for low income students. The interest rate is 5% and the government subsidizes the interest while you're in school.

_Subsidized Stafford Loans_

A subsidized loan evaluated by the government based on the information in your FAFSA. The interest rate is capped at 6.8% and interest does not begin accruing until you have completed school.

Unsubsidized Stafford Loans

Awarded to almost every graduate student who applies, the interest rate is capped at 6.8% and students do not have to begin repayment as long as they're enrolled at least part-time. The catch? Interest does accrue while you're in school.

_Grad PLUS_

If you still need assistance, the Grad PLUS loans have an interest rate of 7.9% and require a credit check.

Image Source

Share

Noodle Courses

Advertisement

Noodle Programs

Advertisement