Opt4theBest 16 Report post Posted February 20, 2016 Hi everyone! I'm applying for a masters program and considering to take out the Graduate Plus Loan to cover both my tuition and living expenses (housing, transport, etc) during the next 2 years of studies. However, I do not know as to when and how to start the process. I wonder if anyone has ever experienced or applied for this type of loan before. FYI - I applied for FAFSA in January and I believe that is the first step. Am I right? Thank you so much! Share this post Link to post Share on other sites
Bschaefer 50 Report post Posted February 24, 2016 You should qualify to take out regular loans before the graduate Plus loans. At least I had that choice. I would check to see what is available and go from there. Otherwise, I would also see if there are funding opportunities in your dept. or other depts. because you will rack up immense debt living in the Bronx/NYC Lincoln center area (Sorry I can't remember which campus houses which). 1 Opt4theBest reacted to this Share this post Link to post Share on other sites
Opt4theBest 16 Report post Posted February 25, 2016 Thank you so much Bschaefer. Yes, I am qualified for regular loans. 1 Bschaefer reacted to this Share this post Link to post Share on other sites
Bschaefer 50 Report post Posted March 12, 2016 No problem! Sorry - I'm just seeing this now. The regular loans have a significantly reduced interest rate compared to the Grad Plus Loans too. I forgot to mention that! 1 Opt4theBest reacted to this Share this post Link to post Share on other sites
Phallosopher 3 Report post Posted July 24 What do you mean here by "regular" loans? Are you talking about loans other than student loans? 1 Levon3 reacted to this Share this post Link to post Share on other sites
Levon3 31 Report post Posted July 24 On 2/20/2016 at 3:04 PM, Opt4theBest said: Hi everyone! I'm applying for a masters program and considering to take out the Graduate Plus Loan to cover both my tuition and living expenses (housing, transport, etc) during the next 2 years of studies. However, I do not know as to when and how to start the process. I wonder if anyone has ever experienced or applied for this type of loan before. FYI - I applied for FAFSA in January and I believe that is the first step. Am I right? Thank you so much! I see you are at Columbia, which is where I got my master's as well. Their financial aid office helped me apply for the grad plus loan, and answered all my questions. Share this post Link to post Share on other sites
