With a Perkins loan, you may be able to avoid paying back any money for graduate school. Find out more here.
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Graduate school loans sound like a simple solution for taking the next step in your education. Before you take out graduate loans, think of a real-life situation based on your earning potential after graduate school.
When considering a Stafford Loan as a grad student, the first thing to remember is that with an unsubsidized loan you will have to pay interest, either during school or after graduation (but your interest will accrue with the latter choice). Just as you might have done in college as an undergraduate student, you'll need to fill out the Free Application for Federal Financial Aid (FAFSA) form.
While scholarships and grants for graduate school are gifts and do not have to be repaid, loans are quite different. For most students, graduate school loans are considered a necessary evil.
If you are thinking about a grad school loan, it's time for a little brush-up work on how Stafford loans work.
Graduate school loans are considered a justifiable means to an end, but can also be a major contributor to excessive debt. Be a smart borrower and avoid overwhelming loan grad-school loan obligations by understanding your options and keeping your debt to a minimum.
Until fairly recently, many students pursuing master's or professional degrees found that the federal loans available to them don't completely cover the high cost of an advanced degree. After seeking available scholarships and grants for graduate school and exhausting existing federal loan resources, graduate students were still faced with tuition that needed to be paid.