Basically they are loans that have a lower interest rate and they also give you a higher annual loan limit that you are not required to pay them back until after you complete grad school.
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Graduate students should always try to apply as early as possible for student loans. The main reason students should apply early is due to the hectic schedule of graduate students. If a student waits too long to apply for grad school loans, he or she will be required to file the FAFSA during final exams.
The current interest rate for Magi student loans is 4.30 for undergraduate students and 6.84 for graduate students.
To apply for a PLUS loan a graduate student must complete the 'Free Application for Federal Student Aid' form. One can do this on the Federal Student Aid website.
There are many different types of student loans. Almost anyone can qualify. Most universities have loans through them, in which case you should check with the school's financial aid office. These loans are great because you do not pay for them until you graduate. Some banks will also offer loans for students.
One can find information about graduate loans by visiting the website of the college the student wishes to attend and clicking on the link that provides such information.
As soon as you start working.
Chase student loans are private loans that you can apply for after you have already attempted to receive federal student loans. These loans are meant to be additional help, or supplemental, as they typically are not of a big enough value to cover the cost of tuition or other educational needs you may have.
In the USA, Parent PLUS loans are based on credit. Graduate PLUS loans are not based on credit. So, if you are taking the loans out for your kids, then yes the loans are based on your credit score. If you are taking the loans out for yourself for graduate studies, then it does not matter what your credit rating is.
Absolutely not. You know that phrase "there are no stupid questions"? It's a lie.
There are a variety of online sites that one can apply for student loans. Sites such as college loans, continuing education loans, federal, government loans, professional loans, loan extentions, grants, etc.
There is a company in the east coast that offers students loans for graduate school. You could check out Sallie Mae, which is affiliated with the school, too.