Can I get a student loan for graduate school?

Yes, you can get a student loan for graduate school in Virginia. The Virginia Higher Education Loan Authority (VHELA) administers a range of loan products to help make higher education more accessible and affordable for Virginia residents. The two main loan programs available to graduate and professional-level students are the PLUS loan and the Private Student Loan program. The PLUS loan is a federal loan open to graduate and professional students enrolled at least half time in a degree program. The loan carries a fixed interest rate and does not require a credit check. However, it does require a minimum credit score of 580. Repayment begins within 60 days after all funds have been disbursed. The Private Student Loan program is also offered through VHELA. This loan is open to graduate and professional students who have a good to excellent credit score and lack adequate resources to pay for their education. The loan carries a variable interest rate, and many lenders offer a grace period and repayment incentives. Before applying for a loan, students should research the available options and compare rates, terms, and repayment terms. Before signing a loan agreement, students should also understand the risks associated with loan repayment and take all steps necessary to reduce the risks of default.

Related FAQs

What is the maximum amount of student loan debt I can take out?
Are there any private student loan lenders that offer lower interest rates?
Are there any restrictions on how long I can have a student loan?
Are there any alternative repayment plans available for student loans?
Can I discharge my student loan debt in bankruptcy?
Are there any special programs to help those with loans from foreign universities?
Are there any special rules for postgraduate student loans?
How have recent changes in the law affected student loan repayment?
Are there any student loan repayment plans that allow for income-driven repayment?
What types of loans are available?

Can I get a student loan for graduate school?

Related FAQs

Related Blog Posts