Q: This student loan credit crunch concerns me as I'm starting grad school next year. How do people pay for law/medical schools that are 30 - 40,000 a year when all you can borrow from the federal government is 12 - 20? I have excellent credit, however I have quite a bit of debt from undergrad and the private loan market isn't lending to anyone in this environment. I hope the economy recovers by next fall.
A: Hi- You can get a GradPLUS loan from the federal government which is similar to a ParentPLUS loan, except it would be in your name.