Can I get a student loan for graduate school?

Yes, you can get a student loan for graduate school in Illinois. The Illinois Student Assistance Commission (ISAC) is the agency responsible for administering and awarding state-funded student loans and grants. Through the Commission, you can apply for student loans to help cover the cost of tuition and other education-related expenses for graduate school. ISAC offers different types of student loans, including Federal Direct Unsubsidized Loans and Federal Direct Graduate PLUS Loans. The Federal Direct Unsubsidized Loan helps you cover your tuition costs, whereas the Federal Direct Graduate PLUS Loan helps you pay for living expenses while you are in school. Both loans have different eligibility criteria and interest rates, so it is important to understand all the terms and conditions when applying for the loan. To apply for a student loan, you must fill out an application form. After you have filled out the form, you should submit it to ISAC for processing. Once ISAC reviews your application, it will determine your eligibility and provide you with a loan amount. You must then sign a promissory note and agree to the terms of repayment to finalize the loan agreement. In addition to student loans, ISAC provides other forms of aid, such as grants, scholarships, and work-study programs. These may also be beneficial to help cover the cost of graduate school. To learn more about these options, you can visit the ISAC website or contact the office.

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Can I get a student loan for graduate school?

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