re: Graduate student loan question

quote:

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You can borrow $20,500 per year for grad school. It works different than undergrad, the cost of attendance deal isn't as big of a deal.

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You can get $20,500 in federal direct stafford loans. Then you can borrow more from a private lender or through a federal PLUS loan (these all require a credit check)..up to the cost of attendance.

So if cost of attendance is $60k, then you can get $20,500 right away and you can apply for up to $39,500.