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Financial Aid e-book

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Here are a few ideas to get you started: • Many educational institutions offer scholarships and grants that can help reduce the cost of tuition. To learn about these, you'll need to inquire directly with the institution itself. • There are private organizations, including but not limited to non-profits and businesses, that offer scholarships and grants. You can search for these by directly visiting the websites of various companies and organizations, or by visiting www.Grants.Gov. There are federal loan options that can help as well. This chart covers two common federal loan options for graduate students. NEED HELP PAYING FOR GRADUATE SCHOOL? Loan Terms Annual Loan Limit Lifetime Loan Limit Approval Based on Credit Interest Rate (2017-18 School Year) Required Payments in School Eligible for Deferred Payments Grace Period Repayment Term $20,500 $138,500 No 6.0% fixed Optional Yes 6 months after leaving school Up to 25 years (no pre-payment penalty) Up to Cost of Attendance (included additional living expenses) N/A Yes 7.0% fixed Optional Yes No Up to 25 years (no pre-payment penalty) Graduate Stafford Loan Graduate PLUS Loan FINANCIAL AID OPTIONS FOR GRADUATE STUDENTS

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