Federal Stafford Loans +

You are an independent for graduate or professional school and you may qualify for $20,500 in US Government Loans:

  • FAFSA required
  • U.S. Citizen or PR
  • Register with Selective Service
  • Not in default
  • Not convicted of federal drug offense
  • up to $8,500 is a subsidized need based loan (no interest accrues while at least half time)

Your NEED is determined by:

Cost of Attendance (set by each school and costs can different greatly between two schools in the same geographic area)

-Estimated Family Contribution (you are a family of one if you have no dependents)

=Eligibility to borrow up to $8,500 subsidized

You will be eligible, if you meet criteria above, to borrow $12,000 unsubsidized (interest accrues but may be deferred) or if no need is determined, you may borrow the full $20,500 unsubsidized.  Interest is currently at 6.8%.

GradPLUS Loans +

You may borrow additional money, up to the Cost of Attendance minus all other aid.

  • To qualify, you must have a good credit history (nothing on your credit report should be 90 days past due)
  • Fixed interest rate: 7.9%
  • 2.5% origination fees
  • Repayment does have a grace period

If you need PLUS or private loans and you are not eligible to borrow, you may not be able to attend.

Private Loans

Private Loans Needs Text

Access Group +

Access Group is a nonprofit student loan provider that specializes in graduate and professional student lending.  Their web site features many articles and tools for students.

www.accessgroup.org/financial-aid-administrators/ The WiseBorrower Curriculum in the left margin is a series of online, interactive educational modules designed to help increase understanding of personal finance and debt management.

www.accessgroup.org/calculators Calculators and an online loan ledger to determine how much student loans will cost and to help plan for successful repayment before a student takes out a loan.

www.accessgroup.org/paying-for-school/ The gateway to resources and articles to help students with every stage of financing their education.