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Financial Aid Options for Graduate School - Education Bug
WebFeb 10, 2024 · Graduate students who attend for half-time or full-time schedules are eligible for two types of federal loans offered by the U.S. Department of Education (DOE). Direct Unsubsidized Loans can be used to cover up to $20,500 in educational costs per school year. Direct PLUS Loans cover the difference between financial aid and the cost of tuition. WebNov 28, 2024 · The U.S. Department of Education typically awards subsidized loans on the basis of financial need, while those taking out unsubsidized loans can come from any income bracket. As of 2024, the U.S. Department of Education charges an interest rate of 6 percent for unsubsidized graduate loans. michael lenihan obituary
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