Graduate Loan Options/Paying Your Bill
There are 3 types of loan programs for Graduate students:
FEDERAL DIRECT UNSUBSIDIZED STUDENT LOAN:
A federal loan where the student is the borrower. Students must be enrolled at least half-time (5 credits each term) to be considered for the Federal Student Loan.
FEDERAL DIRECT GRADUATE PLUS LOAN:
A credit based federal loan where the student is the borrower. Students who are determined to be eligible may borrow up to the Cost of Attendance minus any financial aid the student is receiving. A credit-worthy endorser (co-signer) may be required on the loan for it to be approved. Students must first have their eligibility determined for the Federal Direct Unsubsidized Student Loan before borrowing the Graduate PLUS loan.
These are private credit based loans where the student is the borrower and may require a credit worthy co-signer for the loan to be approved. Students should maximize their federal loan eligibility before applying for a private loan.