Question: I just finished college, and I want to go to Graduate School. However I'm dirt poor, and the only way I paid for college was through financial aid and a small scholarship. Is their any way I can receive tap and pell grants for graduate school?
Congratulations on your decision to enter a graduate program, it is a great investment for your future. Unfortunately, after you finish your undergraduate education the government will not award grants for higher level programs.
The government does offer the Graduate PLUS loan, which carries a 8.50% fixed rate. This is a credit based loan and they will conduct a credit check to make you qualify for this loan.
In order to make graduate school as affordable as possible, I would suggest consolidating your loans though the Federal Family Education Loan Program, or FFELP. This federal program will provide you with great benefits like deferment while you're in graduate school. It will also increase your credit score, which is important when applying for graduate school loans. For more information on graduate loans, visit the source below. Good luck, I hope this helps! Absolutely! Just fill out a FAFSA form like you did for undergrad. There are many loans/grants out there for grad school. You might also be able to get a scholarship from the grad school that you go to, many of them have endowments from past graduates that they give out. Good luck! You can receive financial aid
for graduate school but you cannot receive GRANT money. You will be eligible for student loans and possibly a scholarship. The reason? You are considered an independent student and no longer dependent upon your parents. For more information please just type FASFA in search and click on how to apply. Remember the goverment has a deadline and so does your state. So file soon.
K As long as you are a registered student, no matter how old you are or what level you are in, you can get a student loan.
Here are the steps you need to take to get a loan:
1) Fill out the FAFSA. This will determine if you are eligible for financial aid. Go here:
2) Once you are eligible for aid, choose a government-based student loan. The best loan to get is a Federal Perkins Loan. These have low interest rates and the government will help you pay it back as long as you stay enrolled in school. You also don't need a cosigner or good credit for it. For more info go here:
3) The next best loan to get is a Subsidized Stafford Loan. This has many of the same benefits as a Perkins Loan. Learn more here:
And yes, you can get a grant or scholarship, which is free money that you won't have to pay back. You can read about them here:
And here are some good sites to check out:
Category: Personal Finance