If you’re considering going back to school to get a master’s degree, law degree, or MBA, you might be looking into student loans to help pay tuition — especially since many graduate programs cost $50,000 a year or more. Yikes!
This is a choice to not take lightly. Taking on debt of this magnitude (possibly on top of undergraduate loans you’re still paying off), will affect your finances for years to come. So, if you’ve done your research and know that grad school is the best way to advance your career, let me walk you through the ways that grad school loans differ from undergraduate loans.