If you thought paying for your undergraduate degree was an expensive proposition, take a deep breath before you start to tally how much it can cost to get a graduate degree. Whether you are seeking a master's in education or a master's in business administration (also known as an MBA), obtaining a master's degree can cost more than $50,000 in tuition, fees, and books. While you may have been able to find merit scholarships to help you to pay for your undergraduate degree, there are very few available for graduate degree programs. Luckily, however, there are loans available to help you to pay for your graduate degree program.
Student loans for graduate education often are much more cost effective means of obtaining the money necessary to pay for your degree than dipping in your 401(k), home equity line of credit, or, worse, maxing out your credit cards. Graduate loans from the government, such as those from Sallie Mae, are available at lower interest rates than you would pay on loans from your bank or another lending institution.
In addition to paying lower interest rates on your student loans, if you qualify for a federally subsidized graduate loan, then the lender will not accrue interest on your loan during the time that you are in graduate school. To enjoy this benefit you may need to take a minimal number of credits each semester or each calendar year. To find out what rules govern the graduate loan options available to you, you should speak with a financial aid officer at your college or university.
Regardless of whether your graduate loan's interest is subsidized while you are in graduate school or not, you still will enjoy one other generous financial benefit from it; the ability to deduct the interest that you pay on your graduate student loan each year. While this benefit is one that you will enjoy in future years, after you have finished your graduate degree program, it is an important one to bear in mind as you compare graduate loan interest rates, terms of repayment, and other factors as you decide how you can best finance your graduate degree program.
http://www.studentgrants.org/masters/ is a useful site for you to check out. This will show you the available loans for students going to Graduate school. Many loans are seemingly expensive, but this is because people who go to Graduate school tend to make more money and are able to pay back these expensive loans.
No. ''Technically''.....that would be Junior Graduate. A graduate student is a student who has earned a Bachelors Degree or Baccalaureate Degree. Graduate Students persue Graduate Degrees such as Graduate (Master Level) Certificates and Masters Degrees. Associates...Junior Graduate Study Bachelors....Under Graduate Study Masters......Graduate Study Doctoral/Doctorate.......Post Graduate Study
If you were not able to secure a fellowship or grant to cover the total cost of your graduate school, consider applying for grad school loans. Grad school loans may not be your first choice of how to pay for your education beyond your bachelor's degree, but they constitute one option that can help fill in gaps in your tuition and living expenses during your grad school years.AdvantagesOne of the advantages to grad school loans is being able to not put off going to graduate school. Some undergraduate students feel that if they wait too long after they receive their bachelor's degrees, they will not ever go to graduate school. Grad school loans make it possible for them to attend graduate school right away. Grad school loans also enable students to pay bills their other financial aid does not cover. If a student had poor grades as an undergraduate student or was not able to get a fellowship or grant for some other reason, grad school loans make it possible for them to earn their master's degrees or Ph.D.s.DisadvantagesGrad school loans also come with some important drawbacks. They are not grants. They must be repaid with interest. As of January 2012, the federal Direct PLUS loan, for which some graduate students are eligible, has an interest rate of 7.9 percent. Private loan rates are typically higher than federal loan rates. Think about your expected earning power when you graduate, the current job market, and the feasibility of repaying your loans within the time period set forth by lenders before you sign any loan promissory note.Where to LookWhen you look for grad school loans, start by first filling out the Free Application for Federal Student Aid, which is available online. The results of this application will tell you whether you are eligible for any federal graduate school grants or loans. The federal government has a few loans available to graduate students and their parents. The amount you may be eligible for in loans depends on your household income, the cost of attendance at the school you wish to attend and other factors. Borrow only as much as is absolutely necessary to attend graduate school.
Depending on where you want to get your graduate degree, Phoenix can assist. They offer both undergraduate and graduate degrees and you would want to make sure the business administration course would qualify for what their requirements are.
You will need to contact your loan provider and apply for deferment. You can have loan payments postponed only if you are enrolled in school full-time or two classes. If you take one class at a time, they will make you continue to pay monthly on your student loans.
A Master of Computer Applications is a post-graduate degree program that is offered almost exclusively in India. The US equivalent is a Master of Computer Science degree. Most universities offering the degree make it available online. Don Bosco University is just one example.
It's all about the audition, not the degree. That said, most people who make it into orchestras have graduate degrees in music performance.
GRE is taken by those who wish to pursue Master's studies. The prerequisite is to have a Graduate degree. Note:Check with your program first to make sure that they require the GRE.Source: http://bostonreview.in/gre/
you have six months after you graduate in which your loans stay in deferment. You can continue to ask for deferment after that period if you can't make payments, but you will be charged interest.
In these difficult economic times, a baccalaureate education is often not enough to get a job that can lead to a successful career. This means that many people are heading to graduate school to make themselves more competitive in the workforce. With the rising cost of tuition and other educational expenses, often the only way to finance a graduate school education is through student loans. But how do you know which kind of loans are right for you?Perkins LoansWith a lower interest rate than just about any other student loan, you should absolutely sign up for Perkins Loans if you are offered them. However, since Perkins Loans are only offered to students who demonstrate what the government calls "exceptional financial need," these loans are among the most difficult kinds of loans to get.Stafford LoansNext to Perkins Loans, Stafford Loans are the most desirable kind of student loan. The interest rates are reasonable, and for "subsidized" Stafford Loans, the federal government will pay a significant portion of the interest that accrues. While you must demonstrate "financial need" to get a "subsidized" Stafford Loan, showing that you qualify under this standard is significantly easier than with Perkins Loans. The main issue with Stafford Loans for graduate school is that they are limited to $20,500 per year, with a lifetime cap on the amount of money that can be obtained through this program.PLUS LoansPLUS Loans are how the majority of graduate school educations are paid for. The full cost of a graduate school education, as estimated by the university you are attending, can be borrowed in PLUS loans. However, the interest rate on PLUS loans is relatively high. Another issue is that if you believe that your cost for attending graduate school will exceed the school's official estimate, you may have to obtain private loans to make up the difference.Private LoansGraduate students borrow loans from private companies instead of the government (who provides funds for all previously mentioned loans) for two reasons: one, government loans may not cover all the perceived costs of graduate school, and two, interest rates may be lower. The main disadvantage of private loans is that they are not eligible for forgiveness under the federal government's new Income-Based Repayment program, which is helping many people limit their monthly student loan payments in this tight economy.
Stafford Loans have a fixed interest rate of 6.8% or less and as long as you are in school, at least part time, you don't have to make payments. Depending on your financial need, the interest may be subsidized by the government.
A graduate degree can enhance my knowledge, skills, and expertise in my field, providing me with a competitive advantage in my long-term professional goal. It can also open up opportunities for career advancement, leadership roles, and higher earning potential. Additionally, a graduate degree can help me make valuable connections and build a strong professional network that can support me in achieving my goals.