AFederal Direct Unsubsidized Loanallows undergraduate, graduate, and professional students to pay for college at a fixed interest rate without demonstrating financial need. Unlike with a subsidized federal loan, you pay all interest on an unsubsidized loan. Schools determine the amount you're eligible...
The benefit of taking on federal student loans is you don’t need to start making payments until after you graduate, leave school, or drop below half-time status. There are also a few different federal student loans available. Direct Subsidized Loans are need-based and open to undergraduate s...
The Department of Education distributes billions of dollars in financial aid to college and graduate students each year through loans, grants and work-study programs. To access this financial aid, you must submit the Free Application for Federal Student Aid, commonly known as the FAFSA. The FAFSA...
What FAFSA Graduate School Loans Can You Get? There are two main federal loans you can get when you apply for FAFSA as a graduate student: Stafford Loans and Grad PLUS Loans. Below is some key information on each of them. (You may have heard of some grad students receiving Perkins Loans...
Graduate A degree-level that includes master's and doctoral programs Interest The percentage of the loan the borrower pays the lender on the unpaid principal. Loans Funds borrowed by the student, either from the government or a private source, and used to pay for school; loans must be...
Direct PLUS loans. Although these loans are unsubsidized, they are offered for graduate and professional students. On top of that, it has a fixed rate for everyone rather than different interest rates, and you require a credit check. Check ➤ What ATM allows you to withdraw $1000? You ma...
What are the loan limits?$5,500 to $7,500 per year for undergraduate students; $20,500 per year for graduate students.Cost of attendance, minus any financial aid received. Are the loans eligible forforgiveness programs?YesNo Do you have to begin repayment during school?No, and there’s ...