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 %.
Not exact matches
As a student likely facing high
graduate school costs, it's best to shop
around for private students
loans that best fits your unique situation.
During my second year of
graduate school, we were informed that the interest rate on student
loans will be going up from
around 2 % to 6 %.
In 2016, the average
graduate left
school with
around $ 28,000 in student
loan debt.
For instance, I still have trouble wrapping my head
around the quarter - million - dollars in student
loan debt that my wife and I had after we
graduated (and from public law
school at that!)
According to research by Payscale,
graduates one year out of
school pay
around 30 % of their income to their student
loans.
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.