(Closed) Grad School?

posted 7 years ago in College
Post # 3
Member
5263 posts
Bee Keeper
  • Wedding: June 2012

I’m looking into PhD programs, which may be different. For those, they tend to tell you the amount of tuition, if it’s waived, and if you get a stipend. Most give stipends for being a TA/RA. With an MBA, I don’t imagine you’d get the same thing, nor would you get a stipend, so you’d probably want to first fill out a FAFSA to see how many federal loans/grants he can qualify for. 

Post # 4
Member
1030 posts
Bumble bee
  • Wedding: May 2011

Student loans are pretty universal across the board. You fill out your FAFSA, apply for tuition+living expenses, and indebt yourself for life 🙂 I think grad school applications probably aren’t as clear because some people get fellowships/scholarships etc (especially if you’re talking about a PhD program) so there are ways around loans, which is never the case with law school.

Post # 6
Member
1021 posts
Bumble bee
  • Wedding: January 2011

yes, fill out the fafsa!  i went to a state school for grad school and the only loans that were offered to me were the subsidized and unsubsidized. if i wanted additional money after that (i didnt get a fellowship or anything, it was nearly impossible for my program), i would have had to contact sallie may, or my bank for more money. i think when i was in school, the max you could take out for sub and unsub was $18,500 (thats probably gone up).

good luck!

Post # 7
Member
860 posts
Busy bee
  • Wedding: May 2011

@phillybee- You’re talking about private loans for law school, right?  I graduated law school two years ago, and the government gave $18,500/year which doesn’t even cover the cost of tuition at most places…

Post # 8
Member
1030 posts
Bumble bee
  • Wedding: May 2011

Hmm, I went to grad school for a very un-funded field, and only took out government loans, and $18,500 certainly wouldn’t have covered the cost of tuition. I think I was taking out in the ballpark of $30K per YEAR (for a two year program) only on dept of ed loans (yes, I will be paying those off for the rest of my life) – this was in 2001 and 2002. I think it depends on what your tuition is, then they have a formula for living expenses on top of that, and then you can request private loans too.

Post # 9
Member
860 posts
Busy bee
  • Wedding: May 2011

Yeah, along with what MissBoston said, I would really encourgae you both to work while in school.  I never fully realized how much of a burden these loans would be until after I graduated.

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