As a non-profit state - based agency, we work hard to offer some of the lowest fixed rates on
graduate school loans in the country.
When savings, scholarships, and federal aid aren't enough to pay for your school expenses, you can find
private graduate school loans designed for your field of study.
Graduate School Loans offers borrower benefits, such as an interest rate reduction of.25 % when you sign up using auto - debit to repay your loan
But the thinking is that graduate students can afford to pay slightly more, and the funds generated through higher interest rates
on graduate school loans are used to fund subsidies for undergraduates.
Based on rates set at Wednesday's Treasury bond auction, undergraduate loans will likely pay an interest rate of around 4.66 % and
graduate school loans around 6.21 %.
There are both fixed and variable rate loan options available (with rates as low as 2.13 %), and most lenders will allow you to refinance both undergraduate and
graduate school loans together.
All federal loans are eligible for forgiveness, although undergraduate loans become eligible sooner: undergraduate loans become eligible for forgiveness after 20 years of qualifying payments, while those with
graduate school loans currently need to wait 25 years.
After consolidating your private educational loans
with Graduate School Loans, you will start immediate repayment, generally beginning 20 days after finishing your application.
It may seem unnecessary, even insensitive, to speak to you of sacrifice when many of you are staring at
graduate school loans in the tens of thousands of dollars and an earning potential that's a fraction of your law or business school peers.
Graduate students are in a worse bind — paying rates of 6.21 %
on graduate school loans, as well as loans they may have incurred at the undergraduate level.
Private college or
graduate school loans can't be bundled within the Direct Consolidation Loan Program.
I paid off my undergraduate and
graduate school loans off in 4 years, and am 22 months away from paying off my business loan.
The graduate school loans from Discover aren't as flexible as Federal Student Loans, but they carry low interest rates.
Others in the income - based repayment program may be eligible to have their undergraduate student loans cancelled after 20 years and
their graduate school loans cancelled after 25 years.
Brazos Parent Loans are credit - based, which allows parents with strong credit histories to qualify for some of the best rates among
all graduate school loan options.
Consolidate $ 7,500 to $ 125,000 in undergraduate student loan debt or $ 7,500 to $ 250,000 in
graduate school loans).
At 6.9 percent,
her graduate school loan had the highest rate and was costing her $ 11 a day in interest alone, she said.
With
some graduate school loans (such as medical school loans), you might have had to have a credit check beyond the FAFSA.
Graduate School Loans is well aware of the high balances graduate students can incur, and thus employs Loan Counselors that are able to find them the most savings.
With
Graduate School Loans you work with one loan consultant throughout the process of consolidating your private educational loans.
Thus, EdFed has branched out into specific industries and markets with the launch of Law School Loans,
Graduate School Loans, and Medical School Loans.
Graduate School Loans was launched in March of 2007 filling a void in the student loan industry.
In - school, Military, Internship and Residency Forbearances are available to qualifying borrowers with
Graduate School Loans.
My son has over $ 98,000.00 in student debt from multiple unsubsidized under grad and
graduate school loans.
Interest rates for both undergraduate and
graduate school loans are tied to financial markets, but rates for graduate students are higher.
At
Graduate School Loans, our goal is to help our borrowers save as much money as possible on their student loans and manage the debt that can result from student loans.
Given the amount of interest
my graduate school loans accrued each month, I used the avalanche method.
If you shopped around for the right undergrad loans, with the best terms and rates, and made sure not to borrow more than you needed, then you're on the right track with
graduate school loans.