My EFC is 0. Is it Possible To Pay For An Entire Grad Degree Through Loans?

Question

Currently I am in my last year of college and seriously teeter tottering between whether or not I should go to graduate school. The school that I want to go to is out of state. It's pretty fair to say that I am economically disadvanaged because my Expected Family Contribution is 0. I've pretty much paid for my entire Undergrad using Pell Grants, Academic Scholarships, Subsidized & Unsubsidized loans. I know that once you have acheived a Bachelor's Degree you no longer qualify for Pell Grants. So I am wondering, is it possible to go through 2 years of Grad school (out of state) on loans alone??? If not, what are my other options???

Answer 1

Yes, I'm doing that very thing right now.  You can get a bit over $20,000 a year in loans for graduate school.

Answer 2

I paid for my grad degree entirely though loans, but I went in state when I saw how much out of state was going to cost me.  I'm attaching a publication that will tell you know how much you can borrow as a grad student.  I think it's page 11.

Answer 3

As a graduate student you will be allowed to borrow $20,500.00 per academic year, (9 months).  Do the math, the Stafford Loan aggregate limit for graduate work is over $110,000.00.  My MBA cost me $35,000.00 and I went to a private school.

Answer 4

Will not be easy but might be possible.  If you have good grades you can get a Graduate Teaching fellowship or a research fellowship where the school gives you free tuition and pays you a salary - low salary.  Or you can get a full scholorship from the school.