GRAD PLUS and Private Student Loans FAQ
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1. Comparison of Grad PLUS or graduate student loans with Private Loans Interest Rates – While GradPLUS or graduate student loans offer a fixed interest rate for the term of the loan, private loans tend to have a variable rate based on your credit score and credit history and may increase or decrease according to market conditions.Repayment – Graduate student loans are based on a 10-year repayment while private loans offer variable repayment terms mostly in the range of 12-30 years.Consolidation – Graduate student loans may be consolidated with other federal education loans such as Stafford or Direct Plus … Continue Reading