My Financial Aid Package

evolving
Sat, 18 Dec 2010 16:44:28 +0000

laulirich,

I know. I am sorry for so many students, including my own son, who have to pay so much with or without aid/ scholarships for a college education. Especially back-breaking when graduate expenses are added to undergraduate costs.

You most certainly can apply for more loans for graduate school, in addition to undergraduate loans. In fact, certain types of loans, the Stafford, for instance, appear to allow for deferment of repayment on the undergraduate debt, if you are at least half-time in graduate school, until graduation from grad school. These often have a 6 month grace period. Keep in mind not all loans allow for deferment of undergraduate loans if you go onto graduate studies. IT IS VERY IMPORTANT to check the terms and conditions of the particular loan(s) you apply for.