Grad PLUS loans and private student loans can help fund your education for graduate or professional school, but there’s a lot to consider about them. Learn more.
Additional student debt: With increased tuition rates and additional years of school and without time to save up for it, many grad students take on additional student loan debt. Having to manage multiple student loans during grad school and afterward can affect your financial stability after yo...
500 a year with no credit check as well as Direct PLUS loans, which are credit-based and help cover remaining costs. Federal loans typically have fixed interest rates and income-driven repayment plans
This chart shows how grad students got screwed on their student loansDan Macklin
To view the current interest rates on federal student and PLUS loans, visitstudentaid.gov. Collections and Default A federal student loan is considered to be in default after 270 days of non-payment. Though it takes a long period of time for federal loans to enter into default, the federal...
were supplied by compensation research firm PayScale. Median amounts borrowed are from the U.S. Department of Education's 2012 National Postsecondary Student Aid Study. Debt-payoff times were calculated using Bankrate.com's student-loan calculator. Though interest and repayment rates may vary, for...
Compare Rates on Credible Costs are down, but potential student loan debt is still excessive The average tuition, fees, room and board at public four-year colleges was $23,250 in the 2022-2023 school year, down 5.4% from the year prior after adjusting for inflation, according to the la...
I attended an event a few weeks ago at Carnegie Mellon’s DC office where I learned about their “DC Track” of the program. In this track, the first year is classes in Pittsburgh and the second year is classes in DC plus a 32 hour/week “apprenticeship.” This appealed to me because...
Before turning to private and even parent PLUS loans, use federal student loans. Above all, these have protections that aren't provided by the other loan types. Borrow only what’s needed It can be tempting to accept all of the loans you’re allotted, but you would only be digging yourse...