Many students in the sciences attend graduate school at little cost because of the amount of grant money and number of research and teaching assistantships available. Those attending law and medical school have fewer options and generally owe a substantial amount in loans. Because there is so much variance, this page is designed to give you a quick overview of some of the most common terms you will encounter and provide a bibliography of sources for you to consult. Then, consult the financial aid offices and departments of the schools you plan to learn what to expect. The information provided is often the same you could get for free with minimal effort.
Loans represent more than half of all financial aid.
The federal loan programs such as Stafford and Perkins provide low interest funding based on need. Some loans do not need to be repaid until after graduation. Scholarships, Fellowships, Grants are given by the federal government, state, school, and department or outside sources. They can be based on need or merit. Consider professional organizations in your field of work when seeking scholarship money.