Ask Terry Questions Graduate school loans

Graduate school loans

By Terry Savage on April 10, 2025 | College Savings / Student Loans

Hi Terry,
My daughter got into UIC Chicago and will be starting her Masters degree in the fall. What (or who) are the best loans to get for graduate school?

Terry Says

Whew. Start here: https://studentaid.gov/
This site will give you all the info about Federal student loans.

And she should ask about financial aid at the admissions office, for sure. And she might try Scholarships.com.

Just one unsolicited word of advice: Is this graduate degree going to be worth it in terms of increased earnings? Think long and hard about that, because she is going to be buried in debt. And going forward, it won’t be easy to get that debt forgiven.

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