Cost of Grad School

sybbie719
Sun, 31 Aug 2014 08:37:26 +0000

It’s not exactly true that you’re limited to $5500 in loans as a freshman. You are limited to $5500 in subsidized loans, but you can get unsubsidized student loans to cover the rest.



Wrong

you are limited to $5500 where

$3500 is subsidized, meaning that the interest is paid by the federal government while you are in school

$2000 is unsubsidized



As far as grad school funding, it really depends. Many graduate programs involve working as a teaching assistant and include a living stipend that is enough to live for the year within reasonable means.



This happens at funded PhD programs, rarely if ever at masters programs.

Perhaps OP’s mom went to a funded PhD program, where she was able to get a masters in route to the PhD which is why she did not have to pay for her masters.