Graduate Student Loan
Graduate Student Loan packages provided in the market now is special designed for those who wish to pursue a higher education learning. For graduate who got a degree and want to attain a higher education levels such master degree, phd or in line of work, are eligible for the loans.
Other than lenders or financial institution, some of the companies also agree to pay for the tuition fees of student, after graduation, student will work for the company for certain period. Loan amount will deduct from the monthly salary of student. In other situation, student simply apply for the university's own loan program and pay back to school by serving as tutor for several years.
Some standard requirement of the Graduate loan of school
1) Borrower must be a citizen or permanent resident of the country.
2) Taking a post-graduate course
3) If the borrower is not a citizen or permanent resident, a co-borrower will be require.
4) Co-borrower must be a degree holder, have good credit rating and age above 18 years old.
When considered to take student loans, the most important thing is the interest of the loan. You may shop for numerous lender to get a best rate, and don't forget to compare their offer in payment terms, interest rate, closing cost, penalty or any special requirements.
There are variable rate & fixed rate option for the loans. Variable rate may appear good at the beginning stage, but it has the tendency to increase over time. Thus, to get the best loan, you must gather and study more information.
For more information, please check out Student Loans Guide instead of Graduate Student Loan
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