5 Essential Things To Know About Grad Student Loans | Federal Student Loan Basics For Grad Funding

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GRAD STUDENT LOANS ARE NEVER FUN! They are different than getting student loans as an undergrad and they are not quite like private student loans. So today, here are 5 essential things to know about federal student loans as a grad student. Knowing Federal loans basics to fund your grad school can help you not only be prepared but be less worried about what federals loans will do to you and your finances!
While this video is just the 5 most essential grad student loan issues that helped me understand if grad school loans were for me, I do have a video with a financial expert that talks more in detail about grad school federal loans, payment plans, and financial planning that you can watch here!
OTHER VIDEOS TO CONSIDER:
○ University Student Loans 101 | Grad School Federal Loans FAQs and Advice - • University Student Loa...
○ Strategies to Find Funding for Grad Students | How to Look for Graduate School Grants & Scholarships - • Strategies to Find Fun...
○ How to Pay for Grad School Without Financial Support | AVOID THESE 5 FUNDING MISTAKES - • How to Pay for Grad Sc...
○ GRAD STUDENT JOBS: What is a TA | How to get a Teaching Assistantship at a University - • What is a TA | How to ...
○ GRAD STUDENT JOBS: What is a GSR | How do you get a Graduate Student Researcher Position? - • What is a GSR | How to...
WANT TO KNOW MORE ABOUT ME!?
Website: www.BrisaMarie.com
Instagram: / brisamarie
LinkedIn: / brisamarie
And make sure to subscribe to my channel!
Likes, Comments, Shares, and Subscribers help small RU-vidrs like me grow. This growth will help me produce more helpful, creative, and engaging content for all of you. If you know someone who is interested in grad school or has already been accepted but they don't know what to expect, please share my channel with them! If you have ANY questions about grad life, research or even me, ALWAYS feel free to leave your questions in the comments below.
I made this channel to help people like me. People who don't know anyone with a doctorate degree or anything about higher education, but I knew I wanted to get a PhD. I knew I wanted to be a doctor! With your support we can work together to create a resource to demystify graduate school and encourage more underrepresented people to thrive in doctoral programs!

Опубликовано:

5 июл 2024

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Комментарии : 57

@BrisaMarie 2 года назад

Student loans are just one part of grad finances, check out my grad funding playlist for more! - ru-vid.com/group/PLY-K7nK2wQ2W_vndUK2C-ZaIB2j4boUV4

@Sendboi Год назад

The fact we can’t even get subsidized loans blows my mind.

@BrisaMarie Год назад

Yes!! I soooo feel that!

@pholbrook2277 3 дня назад

That’s because the subsidized loan is considered need based aid. If there is no need based on income, then students would be awarded unsubsidized loans. There have been situations where graduate students in the past were given subsidized loans.

@erickpurpose 2 года назад

I think this video is great because personally loans is one of the scariest things about college for me. So a good breakdown in this is cool, thanks.

@BrisaMarie 2 года назад

Thank you so much!!! Im glad you found this video useful!

@pholbrook2277 3 дня назад

I made a comment about Plus loans and included Parent plus. Your video came in while I was busy reviewing loans for work. Then I realized you were talking about Graduate plus and thought i deleted the comment. I work in financial aid and award all types of financial aid. I’ve worked in higher education for 24 years hearing about financial aid never gets boring to me.

@BrisaMarie 2 дня назад

I am sooo happy you found this video! thank you for taking the time to comment! I genuinely appreciate it! I am also super proud to hear that someone with 24 years experience in financial aid sees this video as interesting! That lets me know I am on the right path! hahaha! Thank you for commenting!!!

@pholbrook2277 2 дня назад

@@BrisaMarieYour information is the most accurate that I’ve heard. You’re doing a great job!

@Ghoul181 Год назад

Great video. Made it easier to understand than articles with text wall. Definitely will help for when I contact my financial aid office. Thanks!!

@BrisaMarie Год назад

Of course! Best of luck! Please let me know if you have any questions! I will do my best to find the answer :D

@sharverikhapre5240 2 года назад

This is really informative! I had no clue thank you so much!

@BrisaMarie 2 года назад

Of course!! Thank you!!

@Laura-rg5hc Год назад

Thank you for taking the time to make this video.

@BrisaMarie Год назад

Of course!! Thank you for taking the time to comment!!!

@user-zb6vq1br6q 11 месяцев назад

Thank you this was very helpful!

@BrisaMarie 11 месяцев назад

That's so great to hear! of course! and thank you for commenting!

@sukoonsy Год назад

Very informative thank you !

@BrisaMarie Год назад

Oh my goodness! Of course! Thank you for commenting :)

@kajuanamarie9804 11 часов назад

Thank you!! Helpful

@BrisaMarie 9 часов назад

Of course! Thank you for commenting!

@sasham.3411 2 года назад

Awesome info! Thanks!

@BrisaMarie 2 года назад

Of course!!! Thank you!!

@sidtube12 Год назад

great! I love this information.

@BrisaMarie Год назад

Thank you!! I am so happy this information was helpful to you!

@kikibear12146 2 года назад

Very informative!!!! Great videooo!!!!!:))))))

@BrisaMarie 2 года назад

Thank you so so so much!!!!! I appreciate you and your comment!

@matthewanderson4619 2 года назад

this is good stuff, thanks

@BrisaMarie 2 года назад

Of course! Thank you for commenting!!

@anmperez00 Год назад

for the direct PLUS loan, do they only offer the amount of your tuition? or can they offer more based on what your living situation will be?

@BrisaMarie Год назад

Hi! so they offer you the cost of your attendance (minus any funding you received) so they do not consider your unique living situation. HOWEVER the cost of attendance is a number created by each university that does consider things outside of just tuition like housing, travel, food and things like that! of course it is just an estimate but usually they are fairly reasonable amounts. I hope that helps! Thank you for commenting!

@ashleereyes3908 Год назад

Very thankful I came across your channel, this journey has felt incredibly lonely as my whole grad. program is online. Kudos to you!

@BrisaMarie Год назад

Ashlee!!! I am very thankful you came across this channel too! To read such a kind comment is really encouraging for me! I am sorry that your journey has felt lonely, but hopefully through this channel and the digital community we have you may be able to find some suppport and friends that can relate! Please feel free to use the comments to connect with others! Thank you again for commenting and please let me know if there is nay way I can help!

@annajh24 Год назад

If we’ve used fafsa throughout college (no borrowing money, just Pell grant), is it true that we only have two years for fafsa during grad school? I heard something about a 6 year limit for something relating to fafsa, so does this mean we can only take federal unsubsidized loans the first two years of grad school and resort to grad plus/private loans the last two?

@BrisaMarie 11 месяцев назад

Kind of! Grad students have our own funding pool (Federal loans) but it is different than the limits of undergrad. Now I am not a financial expert or like a professional on federal loans so this is just from my experience, so definitely double check with your university or loan provider. But I took out unsubsidized loans in my masters and first year of my phd and didn't have any problems. BUT I think regardless of the funding you use in undergrad you have to use the grad focused loans ... so I imagine the 6 year limit is if you go beyond 6 years in undergrad. but in grad school if you technically have 2 years left, I don't think you can use it. AGAIN I am not an expert so please double check with one! But that is my understanding!

@deborahmercuri8187 Год назад

Fantastic video

@BrisaMarie Год назад

Thank you so much!!!

@Asiahkye Год назад

Are the maximums you mentioned per year or true total? I just received my award package and I want to make sure I have enough to cover the extra year I might need!

@BrisaMarie Год назад

Hi!!! So yes!! However they will all depend on your package and what your school allowance is. In many cases the government generally offers the maximum but your own university can create its own cap/maximum so its important to check with your financial aid office to see what your accurate maximum is!

@issahoodbeat 21 день назад

Thanx for info keep going Queen ase'

@BrisaMarie 2 дня назад

Of course! thank you for commenting!!

@raquelchavez3730 Год назад

Hey there! I need help with two questions. My graduate program is exactly 20,500 tuition per year which Im guessing will be covered by the unsubsidized loan which is capped at 20,500 a year. I need to afford rent and living expenses after that, and I was hoping that the Grad/direct PLUS loan would be able to cover those things. But after watching your video, would I even be eligible since they only cover the cost of tuition for my program? Where/ how can I afford rent if not with the grad plus loan? Private loans?(im not planning to work during grad school :( )

@BrisaMarie Год назад

Hi!!! No worries! The plus loan would cover those things. The cost of attendance includes tuition cost and the cost of living expenses like housing, food, utilities and more! So you should be covered by federal loans, but I always suggest talking with your financial aid office to make sure you get the most accurate information possible!

@jorgeaugustomontoyaflores264 Год назад

Hi there, I filled out the fafsa form and I got admission to UW. My question is, do I need to fill out a new form to ask for loans? or how is it work?

@BrisaMarie Год назад

Hi!! So generally once your fasfa is completed your school will determine how much you are eligible for. Each school has a different process but generally they will contact you with that info somehow and then you can deny or accept the amount they offer. From there you just need to make sure you sign a loan agreement form which I think is at the student loan government website and then it'll disperse thru the school. But definitely reach out to your financial aid as they will know the timing and details of it all!

@usaball9193 Месяц назад

Hi, I need some assistance from you. So I applied for the Unsubsidized loan and my college received it but is yet to confirm the amount of aid to be provided, the maximum loan that I can get from it is $20,500. However, my program costs around $59,000 for 1 academic year. Since it's not enough, should I apply for the grad plus loan requesting $38,500?. Also, when should I apply for a grad plus loan? after my university notifies me regarding the aid provided via Unsubsidized? or can I apply right away?

@BrisaMarie 25 дней назад

Hi! So I can't give financial advice because I am not a financial expert and every circumstance is different. Plus each school has its own requirements and policies. But I can tell you what I did and what some options may be. I requested all the loans I could my first year just to make sure I had enough money. THEN after my semester started and I had a TAship and a job I was able to retroactively reduce my loans to only EXACTLY what I need. So in that way I didn't have to take all the loans I asked for and my loan amount was able to decrease. But had I needed it, I would have had access to the maximum amount. I think when in doubt it is alway best to speak directly with the financial aid people at your institution but that was how I handled it. I hope that was helpful.

@kims7387 Год назад

Graduate or Professional Student "Annual" yearly Loan Limit - 20,500. $20,500 (unsubsidized only).

@BrisaMarie Год назад

Yup!

@neonlights4937 Год назад

Can PhD students get federal grad plus loans? ( I know masters degrees students get). Thanks

@BrisaMarie Год назад

Hi!! Yes PhD students can! :) great question

@neonlights4937 Год назад

@@BrisaMarie thank you!

@BrisaMarie Год назад

Of course!! Thank you for commenting!

@neonlights4937 Год назад

@@BrisaMarie if you don’t mind me asking: did you get or do you know someone for sure got the grad plus loan during the PhD program? I just want to be certain. I did masters in accounting and finance and got the grad plus loan during both of those periods. I am planning to do PhD, but getting different information from different sources regarding this particular matter, thanks again:)

@BrisaMarie Год назад

Yes I did!! Lol though there may be better funding sources out there that can help you pay for grad school. (I do have an entire playlist about funding your phd - ru-vid.com/group/PLY-K7nK2wQ2W_vndUK2C-ZaIB2j4boUV4 ) but loans are definitely an option that I had to use my first two years. :) thank you for asking! Let me know if you have any more questions :)