Graduate School is the Place to Be | 10.09.09

Posted in Graduate Loans, Student Loans By Student Loan Network Staff

Many recent college graduates have fallen victim to the state of the US economy. Although financial experts suggest that conditions are improving, 263,000 jobs were cut in September lifting the unemployment rate to 9.8%. This statistic does not bode well for new job seekers.

It’s sad because after graduation most young adults are itching to enter the workforce.  All those years stuck in a classroom really take their toll. Earning some money and gaining independence is the next step in life.  However, with so few jobs available some savvy students are choosing to go back to Grad school now.

Going to grad is an excellent way to bide your time while you wait for the job market to turn around, and the good news is that there are a ton of graduate loan options for graduate students.

Another benefit of going back to school is loan deferment on your undergraduate loans. If you graduated in May of 2009 chances are that you will have to start paying your undergraduate college loans back next month. However, if you are in grad school you are eligible for in school loan deferment.

And though you may worry about piling more debt on, with a graduate degree you will increase your earning potential which will benefit you in the long run.

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