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Graduate Plus Student Loans from NextStudent Help Students Get Through Graduate School
Students who want to attend graduate school but think they cannot afford the cost now have an option. Federal Graduate Plus Student Loans are convenient and manageable, and while they feature parent loan benefits, the funds are disbursed direct to the student, according to Phoenix-based NextStudent, a premier education funding company.
Graduate Plus Loan rates start as low as 8.5 percent and the loans can completely pay for tuition, books and even computers. They can be available despite a borrower's credit score.
Most important, NextStudent's Graduate Plus Loan program has a host of benefits and incentives, making it easier for student borrowers to get to and through graduate school. Incentives include:
-- For student borrowers who sign up for Auto-Debit and pay their first on-time monthly payment, NextStudent will pay a 3 percent cash rebate of the entire loan amount.
More us student loan info
Graduates and students can save on loans
Graduates and current students who want to save money on federal loans should seek out the University of Texas at Brownsville and Texas Southmost College for help. Although currently issued with variable rates, student loans will have fixed rates after July 1. This is important for the people that are done with school and have graduated, if they want to lock in a fixed interest rate for their student loans, said Cammy Penrod, student loan coordinator.
According to the Federal Family Education Loan Program, 44,143 loans are out to 17,159 UTB-TSC students, totaling about $125.6 million in debt. Previous student loans were issued with variable interest rates. Each year, the rate is adjusted, sometimes as low as 3 percent and not to exceed 8.25 percent. Currently, the rate is about 4 percent, but Penrod said it is expected to increase next year and could cost graduates more in the long run as interest rates climb.