Your Discipline Career Profiles Ask Dr. Job Intl. Here Are Four Ways to Afford Grad School 1. There are a few simple ways to keep your debt burden down. The most obvious method is to limit the amount of borrowing you do.
Many students decide to take out all the loans for which they are eligible.
In some cases they overestimate the amount they need. In other cases, they're convinced it will be in their best interest to borrow the money and reinvest it in something paying greater interest. Opt for family financing, if this is available. Although most graduate students are considered to be independent with respect to qualifying for federal financial aid, many families are still willing and able to assist in paying for education. This is especially true if families understand that their money reduces student debt.