How are postgraduate student loans different?

Higher Interest Rates

Graduate students typically face higher interest rates on their student loans than undergraduate students. This difference can significantly impact the overall cost of repayment.

Increased Borrowing Limits

Borrowing limits for graduate students are often higher than those for undergraduates. However, this could also mean a larger debt burden upon graduation.

Limited Federal Loan Options

Unlike undergrads, graduate students do not qualify for subsidized federal loans, meaning interest accrues while in school, potentially increasing the overall loan amount.

If federal aid falls short of covering all costs of grad school, a private student loan could help fill the gaps. Shop around and compare lenders to find the best option for your needs.