The average cost of graduate school has increased nearly 35% in the last 10 years. As a result, graduate financial aid has become increasingly important and the Graduate Stafford loan is the best loan option available. There are two types:
- Subsidized Graduate Stafford Loans are awarded based on financial need. You will not be charged interest before you begin repayment or during periods of deferment. The federal government "subsidizes" the interest during these periods of times.
- Unsubsidized Graduate Stafford Loans are not awarded based on financial need. Any eligible student can take out unsubsidized stafford loans. You will be charged interest from the time the loan is disbursed, to the time the loan is repaid in full.
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