Financial Aid for Grad School:A User's Guide

摘要

Getting graduate school loans sound like a simple solution for helping to alleviate the financial burden of grad school, but before you take out graduate loans, you should be thinking ahead to life after school. A loan that looks like it has a manageable cost-per-month may wind up being more unwieldy than you expect. Don't let yourself be caught off guard by your loan payments; keep the following points in mind, and make sure your financial aid plans are suited to your plans and your desires. Don't borrow more than you need The total amount of your student loan debt payment should not exceed 8 to 15 percent of your expected earnings after receiving your degree. Before you sign on the dotted line for any graduate school loan, take the time to look at your prospective future income, the time it will take you to repay your loans, the interest rate, and the lifestyle you're hoping for. Take into account that unexpected and unplanned costs might arise, as well.