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Adam D'Arpino
Noodle Expert Member

August 09, 2021

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.

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