Paying for Graduate School

Government Student Loan Consolidation

Published: 2 December 2013
Written by PhdStudent
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Categories: Paying for Graduate School, Surviving Grad School
Tags: federal student loans

As the value of higher education rises, so does the price. The only way that many students can afford higher education is through student loans. Having multiple student loans can mean high monthly payments and interest rates, but federal student loan consolidation can reduce monthly payments and lower interest rates.   Federal student loan consolidation is available for any students who have federal student loans. To qualify for federal student…

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The Effects of Defaulted Student Loans

Published: 7 October 2013
Written by PhdStudent
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Categories: Paying for Graduate School, Surviving Grad School
Tags: defaulted student loans

Once a student loan goes into “default” status, the full balance of the loan becomes due immediately. Default status also means that other options for delaying payment, including student loan deferment and forbearance, can no longer be used. The consequences of these unpaid loans can cause problems beyond the loans themselves. Defaulted student loans can negatively affect credit scores, wages, tax refunds, and abilities to qualify for other loans. Due…

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Beyond Stafford Loans

Published: 29 August 2013
Written by PhdStudent
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Categories: Paying for Graduate School, Surviving Grad School
Tags: PLUS loans

What loans for graduate students are out there? Paying for their children’s education is often a dream for many parents; however, this is not always feasible because of increasing tuition rates. The PLUS Loans program offers parents an affordable opportunity to pay for their children’s higher education. This program is a government-assisted program that provides parents and students with another way to pay for continued education. Stafford loans are available…

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Student Loan Information: Direct Student Loans

Published: 12 August 2013
Written by PhdStudent
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Categories: Paying for Graduate School, Surviving Grad School
Tags: student loan information

There is so much student loan information on the internet; it is hard to decipher what is accurate and what is not. What is important to know about student loans? Student loans are often the only way for students to fund their continued education. The Federal Direct Student Loan Program (FDSLP) has become a way for universities to offer their students direct student loans. FDSLP eliminates third-party lenders and offers…

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Refinance Student Loans

Published: 4 March 2013
Written by PhdStudent
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Categories: Paying for Graduate School, Surviving Grad School
Tags: refinance student loans

Some students choose to refinance student loans to reduce their student debt and monthly loan payments. Students can refinance their loans through various ways, such as consolidation. Students should consider several things before refinancing student loans. For example, federal and private loans should be refinanced separately. Federal loans have lower interest rates than do private loans because government lenders know that students’ incomes will increase as they continue their educations.

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Loans for Graduate Students

Published: 15 June 2011
Written by PhdStudent
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Categories: Paying for Graduate School, Surviving Grad School
Tags: loans for graduate students

Higher education can be funded through a variety of resources, including loans for graduate students. For students who exhibit financial need, Perkins Loans are a viable option. Though debt from Perkins Loans can be excused under some specific situations, this debt must be paid back like most other student loans. The policies of student loans for graduate students are constantly being amended. Types of repayment and consolidation and interest…

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Student Debt Assessment

Published: 15 June 2011
Written by PhdStudent
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Categories: Paying for Graduate School, Surviving Grad School
Tags: relief from student loan debt, student debt

As the price of higher education has been rapidly increasing, so has the national amount of student debt. Funding student loans has been a recent priority of the government and banks. A law passed in 2007 discouraged private lenders from consolidating student loans, which caused problems for students with debt. Lenders do not want to consolidate debt, but students need to save on interest and to have lower monthly…

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Student Loan Consolidation

Published: 15 June 2011
Written by PhdStudent
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Categories: Paying for Graduate School, Surviving Grad School
Tags: how to consolidate student loans, student debt consolidation, student loan consolidation

The numerous types of student loans are commonly organized into two categories: federal student loans and private loans. Over $60 billion a year is disbursed through federal loans, military compensations, work-study programs, and grants. Federal student loans issued through the U.S. Department of Education are usually simple to consolidate.   Private loans are granted through lending institutions, such as signature loans through Citibank or Sallie Mae. Private loans are often…

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