While scholarships and grants are gifts, graduate school loans must be repaid with interest. Nevertheless, you may want to consider taking out a loan if necessary. Remember, education is an investment, gaining a higher degree can lead to better job security and higher pay.
Loans can be federal or private. Some federal loans, but not all, are need-based. Federal loans are either subsidized or unsubsidized. If you are interested in using federal loans for graduate school, start your search as soon as possible.
You can also apply for a private graduate school loans through other organizations. Benefits of private loans include:
With low interest rates and often no loan fees, private loans can be a good alternative to using high interest rate credit cards or home equity to pay for the cost of study abroad. Shop around for the best student loan deals.
“I wanted to study Arabic in order to connect with my family, history, religion, and culture. I previously lived and worked in an Arabic-speaking country and wanted to learn Arabic more formally in order to maintain personal and professional...”
American Councils for International Education