Graduate Loans
You can first try to visit websites of all the major banks because many do offer student loans services.
Some banks will even offer graduate loan comparison charts to help their customers see how their loans stack up against the competitors. These charts can serve as a further aide in researching graduate loans.
1. Government Graduate Loans This type of loan is the same as undergraduate loan. The only difference is name. Like undergraduates, graduates have the opportunity to get a Stafford or Perkins loan from the government. Stafford graduate loans are available to any graduate student regardless of their financial situation. Two types of Stafford graduate loans exist: subsidized and unsubsidized.
For subsidized Stafford graduate loans, the government pays the interest. Students pay for the interest in unsubsidized Stafford graduate loans, though there is the option of not having to make payments until after graduation. A Perkins graduate loan is available to students who demonstrate financial hardship. For graduate students who are adversely limited economically, the Perkins loan is not a bad option. In extreme circumstances it is possible to request a deferment on loan payments until one is able to pay normally.
To apply for either the Perkins or Stafford graduate loans, one must submit a FAFSA form to the government.
2. Alternate Graduate Loans This loan has also been known as private graduate loans, are loans funded by non-governmental entities.
Companies offering these loans could be banks, credit card agencies or any other enterprise interested in helping graduate students secure student loans. The Education Resources Institute (TERI) is an example of a company offering this type of loan. It is called the Act Graduate Student loan program.
Tags: education, graduate loans, Loans, students, undergraduate
