Guide to Loans for Grad Students
August 09, 2021
Heading back to grad school and wondering how to pay for it all? Here are the four best loans courtesy of U.S. News. Just make sure you borrow responsibly!
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.
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.
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.
If you still need assistance, the Grad PLUS loans have an interest rate of 7.9% and require a credit check.
