In terms of paying a large tuition bill, graduate students are no different than undergraduates. Their situation might even be worse because grad schools are sometimes pricier than other types of institutions. Fortunately, however, graduate students can utilize graduate loans to help fund their education.
There are two venues in which graduate students can obtain graduate loans: the government and private entities, (who provide alternative graduate loans). Each of these are discussed in more detail below:
GOVERNMENT GRADUATE LOANS
Government graduate loans differ from 'regular' undergraduate loans really in name only. So just like undergraduates, graduates have the opportunity to get a Perkins or Stafford loan from the government.
1) Perkins Graduate loan
A Perkins graduate loan is available to students who demonstrate financial hardship. It has an interest rate of only 5 percent and can finance up to $4,000 of the graduate student's education. For graduate students who are adversely limited economically, the Perkins loan is not a bad option. However, one must keep in mind that payments are still expected to be received promptly and perpetually. In extreme circumstances it is possible to request a deferment on loan payments until one is able to pay normally.
2) Stafford Graduate Loan
Stafford graduate loans are available to any graduate student regardless of their financial situation. Two types of Stafford graduate loans exist: subsidized and unsubsidized. The difference in the two lies in who pays the interest. For subsidized Stafford graduate loans, the government pays the interest. Students pay for the interest in unsubsidized Stafford graduate loans, though there is the option of not having to make payments until after graduation.
To apply for either the Perkins or Stafford graduate loans, one must submit a FAFSA form to the government. When the form has been processed the government will send a SAR (Student Aide Report) which will give further instructions on how to apply for these loans.
ALTERNATIVE GRADUATE LOANS
Alternative graduate loans, also known as private graduate loans, are loans funded by non-governmental entities. Companies offering these loans could be banks, credit card agencies or any other enterprise interested in helping graduate students secure student loans.
If you would like to research additional alternative graduate loans, look no further than your favorite search engine. To make the search a little easier, first try all the major banks you know of since many do offer student loans services to their customers. So for example, if your favorite bank is Bank of America, try entering 'Bank of America graduate loan' into the search engine. This will allow for a more specific response to come up. Some banks will even offer graduate loan comparison charts to help their customers see how their loans stack up against the competitors. These charts can serve as a further aide in researching graduate loans. To find one yourself, simply type "graduate loan comparison chart".
- Related Videos
- Related Articles
- Ask / Related Q&A
- Private School Education & College Education - Rhode Island (RI) Child Support FAQS
- Benefits of a College Education
- Is An Online College Education For You?
- Is College Education More Valuable Than a Job Experience
- Continuing Education College Becomes a Requirement
- Financial Aid for College Education
- Who Needs a College Education?
- Community College Education - 4 Disadvantages Associated With It




Revolutionising the Learning Experience With Electronic Interactive Education
By: Joseph Petrarca | 08/12/2009What was required? With an understanding of the value of Kinesthetic Learning, solutions were sought that would assist teaching methods, increase student interaction and improve outcomes across the curriculum. The products sought needed to be environmentally friendly (i.e reduce the use of photocopied materials), user friendly, comprehensive, and not require constant software upgrades. After a thorough evaluation Di Prust selected Promethean interactive Whiteboards and Elmo Document Camera.
GODSPEED A Nostalgic Musing From a Mentor to a Mentee The Art of Teaching and Mentoring
By: Vikram Karve | 07/12/2009Once you establish positive vibes with your students, you can feel the delightful chemistry between you and your students, it is like perfect impedance matching, the maximum power transfer theorem, and you can experience the classroom rocking with resonance, when all the resistance to the flow of knowledge disappears, the intellectual friction vanishes, the barriers melt away and seamless effortless learning is achieved.
Latest BCP-410 questions online!
By: Royal | 07/12/2009BCP-410braindumps and BCP-410 bootcamps are now available at competitive rates from a trusted online resource Real-Questions.com. It offers exam candidates with the latest BCP-410 solutions online
Junior Winter Camps in Italy for Kids and Teens!
By: Scuola Leonardo Da Vinci | 07/12/2009Junior Winter Camps organized by Scuola Leonardo da Vinci Milano, a beautiful skiing holiday for children in Trentino region, Italy: sport, nature and fun on the snow.
Get Free Barn Buddy™ Credit and Coins ...
By: Barn Buddy | 07/12/2009This is the advanced way of get free Barn Buddy™ Credit or Coins. These credit or coins that you request from here valid only for 24 hours. Barn Buddy™ will not be account for any mistakes that occur when you follow the given steps. Please follow the given steps.
Global Warming-The Greatest Challenge
By: Dr. Ashiq Hussain | 07/12/2009Global Warming describes a gradual increase in the average temperature of the Earth's atmosphere. This is permanently changing the Earths climate forever. The primary cause of global warming is from humans, mostly burning of fossil fuels to drive cars, generating electricity, and operating our homes and businesses. Global Warming is very real, and it is occurring everyday.
Making the Right Choice For Online Tutoring - Tutoring Companies V/s Freelance Tutors.
By: Venky Sharma | 07/12/2009With the explosion in use of internet for learning, online tutoring has become a favorite for students all over the globe. Online tutoring offers tremendous flexibility to the students as well as the tutors the major advantage for both the students and tutor being that they can learn/teach from the...
The Popularity of Online Degrees in Engineering
By: Enzo Aquino | 07/12/2009The article is about online degrees in Engineering. It discusses the popularity for the particular online degree.
Co-operative Preschool Benefits Both Child and Their Parents
By: Travis Waack | 28/01/2006 | EducationResearch shows that parent involvement is a major factor in a child's success.
ESL Teaching - Is it For You?
By: Travis Waack | 28/01/2006 | EducationWould you like to teach English to foreigners in your country or travel to another country to teach?
Are Babies Born Smart? Can Early Intervention Help?
By: Travis Waack | 28/01/2006 | EducationParents always hope for the best future for their children. They try to get into the best schools, invest their money in numerous musical and art lessons and start reading to their infants before birth. Can any of this help your child become a successful
Different Types Of Graduate Loans
By: Travis Waack | 27/01/2006 | EducationThere are two venues in which graduate students can obtain graduate loans. Through government and private entities.
Who Needs To Learn Computer Programming?
By: Travis Waack | 26/01/2006 | Education5 Tips to Discussing Behavior Problems at School or Daycare
By: Travis Waack | 26/01/2006 | EducationAs a parent or guardian, your child's health and safety should be one of your top concerns.
Child's Play - Tips for Entertaining Preschoolers
By: Travis Waack | 25/01/2006 | EducationSimple and easy ideas that will keep you involved with your children while stimulating their minds.
Tips to Receiving An Online Accredited Degree
By: Travis Waack | 12/01/2006 | EducationA great alternative for the person who desires to attend college classes is to go the route of an online accredited degree.