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The rate at which graduate students are taking out private student loans continues to increase. With master’s degree costs between $30,000 and more than $100,000, according to a Franklin ...
On a basic level, private lenders typically offer undergraduate and graduate student loans. However, some may also go beyond that with degree-specific loans for medical, dental and business school ...
Beyond just undergraduate or graduate loans, lenders may offer special rates and terms for business, medical, dental and law school. There are even loans designed to fund bar exam preparation.
Most students need a cosigner in order to qualify for a private loan. [11] Many international students can obtain private loans (they are usually ineligible for federal loans) with a cosigner who is a citizen or permanent resident. However, some graduate programs (notably top MBA programs) partner with private loan providers.
CommonBond was founded in November 2012 by David Klein, Michael Taormina, and Jessup Shean, who met at the University of Pennsylvania's Wharton School MBA program. [3] The impetus was the founders' frustration with the lack of affordable loan options to fund their own graduate school education. [3]
Federal student loans. Private student loans. Interest rates. 5.50% to 8.05% for loans disbursed before July 1, 2024. 6.53% to 9.08% fixed for loans disbursed after July 1, 2024
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