Graduate Private Student Loans

The GradLoans Graduate Private Student Loan will help you bridge the gap between federal financial aid and the true cost of a graduate school education. Scholarships and federal loans, more often than not, aren't enough to cover the entire cost of graduate school. Created especially for graduate students like you with unmet financial need, our Graduate Student Loan resources will help bring you closer to achieving your professional and educational goals.

You can use a grad school private loan to cover any education related expenses, including, student computers, books and room and board. Additional benefits include:

Graduate Private Loan Benefits

  • Defer payments while in school and for a six-month grace period after graduation
  • Annual Maximum is 100% of your Cost of Attendance minus other aid, based on school certification
  • Lower your interest rate by 0.25% when you choose to have your payments automatically deducted from your personal bank account.

Cosigner optional - Graduate school borrowers have the option of applying for this private loan without a cosigner. However adding a cosigner may improve the chances for loan approval and may lower the interest rate.

How do I qualify?

You must be a U.S. citizen or a permanent resident, and be enrolled at least half-time in a 4 or 5 year degree program. Additionally, you may be required to add a cosigner to your loan application, and you and your cosigner must both pass a credit check.

Undergraduate students may apply for Private Student Loans for College at

How much can I borrow with a private graduate student loan?

You may borrow up to the cost of attendance.

Degree Programs for Graduate Private Student Loans offers graduate private student loans designed specifically for the degree program that you are enrolled in.

Can I use a Graduate Private loan for my Online degree?

Because online degrees are offered at many top institutions that you may be able to use a Graduate Private loan to pay for your tuition. It primarily depends on whether or not the lender accepts loans from the school you are obtaining your degree from.

Loan Repayment

You have three options including deferment or repayment of interest only or interest and principle.

Full Deferral: No principal or interest payments due while enrolled in school (up to four consecutive years). Payment of principal and interest will begin 6 months either after graduation or if no longer enrolled at least half time. Interest will continue to accrue during the deferment period and will be capitalized (added to the loan balance) at the time of repayment.

Interest Only: Pay only accrued interest while enrolled in school (up to four consecutive years). Payment of principal and interest will begin either 45 days after graduation or withdrawal from school.

Immediate Repayment: Payment of principal and interest will begin 45 days after loan is disbursed.

* The legal age for entering into contracts is 18 years of age in every state except Alabama and Nebraska (19 years old), and Mississippi and Puerto Rico (21 years old).