Deciding to go to graduate school is an excellent choice but finding financial aid for graduate school can seem impossible. You will find that grad school offers you the chance to really turn an excellent degree into an extraordinary one and to significantly increase your career options, as well as your lifetime expected earnings. Finding financial aid for graduate school is crucial for most students, however, as advanced degrees can be exceptionally costly. Knowing where to turn to get financial aid for graduate school is critical.
Financial Aid for Graduate School – Business
In order to qualify for financial aid for graduate school for a business degree, you will need to take the GMATs. You will find that there are many different programs out there that offer specific loan programs for MBA students in addition to federal loan programs. These lenders include Access Group, Citi, and TERI, as well as MBALOANS from Sallie Mae and MBA-EXCEL loans from Nellie Mae. For many minority students, full MBA fellowships to 13 premier universities are offered to more than 200 students each year through the Consortium for Graduate Study in Management. Each of these programs offers quality financial aid for graduate school students.
Financial Aid for Graduate School- Law
In order to qualify for most financial aid for graduate school, law students must first complete the LSATs. In addition to federal Stafford loans, students who have taken these tests can apply for specific financial aid for graduate school aimed at law students. Nellie Mae offers the LawEXCEL program, while Sallie Mae has the LAWLOANS program. The Access Group is a nonprofit group owned by the law school community, and they offer a wide range of options that law students can use for financial aid for graduate school, including the Law Access Loan and the Bar Examination Loan.
Financial Aid for Graduate School- Medicine
If you are looking to attend medical school, you will need to take the MCATs. After this has been completed, you can start applying for financial aid for graduate school for med students. In addition to federal loans, you will find that you can apply for Access Group medical loans, AAMC MEDLOANS, Citi Health Professions Loans, and many others, including those offered by Sallie Mae and Nellie Mae. The National Institutes of Health and the National Health Service Corps both offer notable scholarship programs to give financial aid for graduate school to certain qualified medical students.
Other Types of Financial Aid for Graduate School
Of course, loans are not the only options for financial aid for graduate school. You will find out that filling out the form on FAFSA.ed.gov will help you learn if you qualify for a number of grants and other programs. You can also visit sites such as www.grants.gov to learn about government grants or even do a web search for grants for people of your national origin, background, association, or career. There are a wide range of grants and scholarships out there to provide financial aid for graduate school, and with the right research, you can take a significant sum off the total cost of your graduate school education.