Graduate Student Loans
Graduate students in search of graduate student loans generally have more options
than undergraduate students. If you are searching for graduate student loans to
help your pursuit of a graduate degree, be sure to do online research and
talk to your school's financial aid office.
Federal Graduate Student Loans
There are a number of federal loan programs for graduate students. First, graduate
students enjoy larger loan limits on graduate Stafford loans – federally insured
loans that offer low fixed interest rates. Second, graduate students can use a Graduate
PLUS Loan – a relatively new government loan offering which allows graduate students
to borrow up to the full cost of education (though students must exhaust Stafford
loan eligibility first). Finally, sometimes state governments offer other student
loan options for specific graduate programs like health care, nursing and teaching.
Private Graduate Student Loans
If a graduate student needs to consider a private student loan, there are also graduate
private student loan options. Generally, private graduate student loans are credit-based
so it may help to have a creditworthy cosigner. A Think Student Loan can be used at
many graduate schools and you can apply online or over the phone in approximately
15 minutes. Like many other private graduate student loans, a Think Student Loan
lets you borrow up to the full cost of education up to a lifetime aggregate maximum of $250,000.