The Wall Street Journal had a great article yesterday explaining some of the problems that graduate business schools have been facing in regards to decreased applicant and attendance volume over the past few semesters.
The author, Diana Middleton, writes:
Between the graduate Stafford loans and GradPLUS loan offerings, there is a substantial base of federal loans available to students attending accredited, Title IV-certified academic institutions. The interest rates on both loans are fixed (6.8% APR and 7.9% APR, respectively) and allow the safety of stable, unchanging payments.
Although the federal loans have fixed interest rates, private loans have the potential to much lower. At this moment in time, I have seen APRs start as low as 2.8% (August 2010). In addition, private student loans have many benefits and incentives that are not available to federal borrowers such as co-signer release and graduation rewards.
If you want to do your research find out what is available, take some time and compare student loans.
View the original article here
The author, Diana Middleton, writes:
Many full-time programs have seen a drop in applications international students, partly due to increased competition from schools abroad and because of increased difficulty securing visas and student loans.It’s no secret that student loans are more difficult to obtain for graduate students in the past few years due to the credit crunch and slow economic recovery. However, there are more lenders and programs than ever to assist post-undergraduates with their advanced degree programs.
Between the graduate Stafford loans and GradPLUS loan offerings, there is a substantial base of federal loans available to students attending accredited, Title IV-certified academic institutions. The interest rates on both loans are fixed (6.8% APR and 7.9% APR, respectively) and allow the safety of stable, unchanging payments.
Although the federal loans have fixed interest rates, private loans have the potential to much lower. At this moment in time, I have seen APRs start as low as 2.8% (August 2010). In addition, private student loans have many benefits and incentives that are not available to federal borrowers such as co-signer release and graduation rewards.
If you want to do your research find out what is available, take some time and compare student loans.
View the original article here
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