Am I eligible for a graduate school loan?

To be eligible for a graduate school loan you must be enrolled already or planning to attend graduate school. The graduate school you are already enrolled in or are planning to attend must be approved by the lender you are borrowing from. You must be attending graduate school at least part time preferably full time. To be eligible academically for a graduate school loan you have to have at least satisfactory academic progress.

Do I need a co-signer?

Students who have a good credit history and pass the credit check do not need a co-signer. If you do need a co-signer. The co-signer must be a United States citizen or permanent resident, have an address from the United States and also must have a social security number. If you are a student from another country you must be at least 18 years of age and have a co-signer that is a United States citizen or permanent resident and your co-signer must have a United States address and social security number that is valid.

What kind of interest rates can I get on a graduate school loan?

Interest rates on a graduate school loan are about 7.80% depending on your lender. It is a good idea to call your lender to find out their current interest rates.

What are the limits on how much I can borrow?

You can borrow as much of your education cost that is not already covered by financial aid. You graduate school will have to verify the amount of money that you applied for. This could cause you to get a little less than you asked for.

When do payments start?

Payments do not start until after you graduate. Interest must be paid or it will be capitalized once you graduate making payments higher.