You can receive financial aid for graduate school through the FAFSA, with higher borrowing limits than for undergraduate
- The FAFSA is used to offer financial aid for graduate school as well as for undergraduate school.
- The interest rates on loans for graduate students are higher than those for undergraduate students.
- Graduate students can take out unsubsidized loans and Direct PLUS loans, but not subsidized loans.
- Read more of Insider’s student loan coverage here.
If you applied for financial aid as an undergraduate student, you iliar with the Free Application for Federal Student Aid. This form, commonly known as the FAFSA, is used to determine your eligibility for financial aid including grants, work-study, and loans. The FAFSA covers financial aid for graduate school as well as for undergraduate school.
Filing the FAFSA as a graduate student is similar to completing it as an undergraduate. You’ll need tax returns, bank account information, and details on any investments.