Going to Grad School Online? Get a Grad PLUS Loan! | 05.28.10

Posted in Graduate Loans, Online Degree By Evan Jacobs

If you don’t have the time to attend a traditional graduate school, you might be looking into getting an online graduate degree.

One question we get quite a bit in our financial aid forums concerns financial aid for an online school. Because online graduate degrees are offered at many institutions that accept federal financial aid, you will most likely be able to use a graduate PLUS loan to pay for your tuition.

The GradPLUS Loan allows graduate students to borrow the total cost for their graduate school needs. You don’t need a co-signer and can defer the payments until after graduation. It also generally carries a lower rate of interest than a private loan.  If you’ve been looking for a cost-effective way to get a graduate degree, here you go.


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