Finance

How to finance Graduate education:
Financing your education takes much consideration. First find out if your program offers any scholarships. Unfortunately, scholarships tend to be limited for PA programs. If you need to borrow, the best way to do so is with a federal loan. Go to the Free Application for Federal Student Aid (FAFSA) website: http://www.fafsa.ed.gov for more details.

If you have used all of your federal funding for undergraduate education or do not qualify, your next option is to take out a private loans. Most schools have a company that they recommend and primarily use. This may seem the most convenient way to borrow, however, BEWARE! The recommended company may not have the best interest rates. SHOP AROUND. There are plenty of financial groups willing to finance.

Budget out your monthly expenses less money to get an exact idea of how much you will need to borrow. Only borrow what you need! Every dollar you borrow, you will pay back PLUS interest, making it easy to build significant debt that can take decades to pay off.

    Things to consider when budgeting:
  • Tuition
  • Room/Board
  • Supply Costs (computer, medical equipment, books)
  • Transportation (car payment/gas)
  • Insurance (health, life, car)
  • Personal expenses