Scholarship information can be found in campus scholarship offices and on the Internet. Aspiring students fill out profiles and are notified about scholarships that match their profiles. Credit cards and private loans can help pay for grad school, but consider those as last-resort methods. The most common student loans are the federal Stafford Loans, which are subsidized or unsubsidized. The government pays the interest on subsidized loans, which are based on financial need.
Interest is paid while the student is in school and during a six-month grace period afterwards.
Currently, a new loan carries a variable interest rate with an 8.25 percent cap. In addition to Stafford Loans, campus financial aid offices have information about private loans. Private lenders also offer MBA loans. For example, Wells Fargo has a tuition loan program linked to the Stafford Loan. Interest rates vary and several repayment incentives are available, according to information on the Wells Fargo Web site.