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.
For Grad PLUS loans first disbursed on or after July 1, 2022, and before July 1, 2023, the interest rate is 7.54%, up from 6.28% the prior year. This is a fixed interest rate, set by the U.S. Congress, for the life of the loan. The maximum Grad PLUS loan amount you can borro...
Some students may see grad school as a way to get temporary relief from student loans while figuring out what to do next in their professional lives. If this is the only reason you’re going to grad school, it’s worth doing your homework to see the principal and interest levels you...
"To be frank, this may actually be a better option for the student, as the interest rate is actually lower for the Stafford loans than it is for the PLUS loans," he says. While a parent's bankruptcy has no impact on a student's eligibility for Pell Grants,Perkins ...
Student loans: When I was an undergrad, I had a Dave Ramsey debt-averse mindset. I paid for school by applying for scholarships and working. My views have since softened and I’m willing to take out a student loan but I’m worried the interest will bury me for 10-plus years, until ...
29:18 Emily: Hmm. Alright. Good to know. Yes. Okay. So, we’ve kind of come to the end of our like budget breakdown. It sounds like we covered your entire budget actually just with those top five plus the goals and so forth. But I wanted to ask you about one other thing,...
interest and repayment rates may vary, for our rankings we assumed that the grad-school debt would carry a 6.8% interest rate (the rate on subsidized Stafford loans disbursed between July 2006 and June 2012) and that 10% of median annual income would go to paying it off (the same ...
It’s just taken me a long time to figure that out plus I place a great deal of value on financial security so I never really wanted to leave any full time job to study full time (hence the online degrees). I’m interested in going after my PhD but I am worried about my lack ...
Even parents in the lowest income brackets — where students are most likely to benefit from need-based aid — are taking on debt at an increasing rate. The share of dependent students in the lowest income quintile relying on parent PLUS loans rose from 3% in 1996 to 11% in 2016. Parents...