Federal Graduate Student Loans

The burgeoning cost of graduate schools has increased the amount of federal graduate student loans. Federally backed graduate student loans are popular with graduate students and paying for grad school can be more difficult than financing an undergraduate degree.

Advantages of Federal Graduate Student Loans

Federal graduate student loans have several advantages over private loans and credit cards, which include:

  • The fixed interest rate means payments won't rise if rates rise.
  • The government allows you to defer payments up to thirty years, which significantly reduces your monthly bills.

Once you are finished with school it is also easy to consolidate all your federal graduate student loans into one loan for easier payment and bookkeeping.

Obtaining a Graduate Student Loan

The flexible repayment plans of a federal graduate student loan make them an attractive way to finance your education. Graduate and professional students borrow more than undergraduates.

Graduate students can borrow up to $20,500 dollars a year in federal graduate student loans through the Stafford Loan and up to their total cost of tuition with a Federal Grad PLUS Loan. To find out what loans you are eligible for, visit http://www.fafsa.ed.gov/.


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