Starting grad school and unemployed?

Question:I will be starting grad school in september 07 and I will be unemployed as well. I was employed in 2006. Will I qualify for a substantial amount to pay for school and cost of living expenses? I have no dependents.

Answers:
With your situation, you should be able to qualify for financial aid, and enough to cover grad school.

The best type of student loan to get is a Federal Perkins Loan. This is a government loan that is offered to both undergrad and grad students who demonstrate financial need. It has a low interest rate and the government will pay the interest as long as you stay enrolled in school. Find out more here:
http://www.studentfinancedomain.com/stud...

The next best loan to get is a Subsidized Stafford Loan. It has many of the same benefits as a Perkins Loan. Read more here:
http://www.studentfinancedomain.com/stud...

Some advice: You should never get a private loan unless you have no other choice. Private lenders often have high interest rates, and you have to have good credit to get a loan. So stick to government loans.

I hope this helps. Good luck!
The thing with grad school is, you are only allowed to pull Stafford loans as finaid. Perkins and grants, as far as I've known, are not allowed. I'm on all sub stafford, because sub doesn't have any interest with it, while unsub stafford does.
I hope this helps!!
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