Funding a Graduate Degree 

graduate studentIn today’s increasingly competitive workplace, having a graduate degree can be a huge advantage. Graduate degrees are an excellent way to gain specialized knowledge in a particular line of work, as they allow many opportunities for advancement. In fact, professionals with graduate degrees hold most management positions in the field. On the other hand, a large number of professionals and students are unable to pursue a graduate degree due to the high cost of tuition, which is where graduate school funding comes in. A number of financial assistance programs are in place to assist students aiming to obtain a graduate degree. In addition to scholarships and grants, graduate school funding may also include assistantships and fellowships. Students may also use federal and private student loans to finance their education.

Scholarships and Assistantships

Grad schools offer a number of scholarships, which are preferred by students over other types of aid due to the fact that they do not have to be repaid. Additionally, grad school funding includes assistantship programs that allow students to work, usually in academic-related positions. Scholarships and assistantships are an excellent way to pay for tuition and other expenses without having to worry about debt.

Federal Student Loans 

As a graduate student, you may also take advantage of specially designed federal student loans: federal Perkins loans, Stafford loans, or GradPLUS loans. These loans are available at low rates of interest and have flexible repayment options. In order to apply for federal student aid, you must fill out the Free Application for Federal Student Aid (FAFSA). This application is available online at fafsa.ed.gov.

Private Student Loans

In many cases, federal student loans and other types of aid may not sufficiently cover all of your education-related expenses. In this case, you may want to consider a private student loan, which have flexible borrowing limits, meaning you can borrow as much money as you need. Additionally, applications are processed within a matter of minutes. Simply use the comparison tool on our website to view all available loans and to choose the one that best suits your needs.

 

Miscellaneous Student Loan Topics