Grad School Loans for Living Expenses

As I want to take admission in Graduate School for that I have to apply for the Student Loans, tell me the Student Loans Cover Living Expenses?

[Kiran Chandar]

Before you take out graduate loans, think of a real-life situation based on your earning potential after graduate school.

Direct Cost
There are three different types of “costs” in the world of financial aid.
One type of cost is the “direct cost.”
This means the campus will directly charge you for going to school.
Things like tuition, dorm fees, cafeteria plans that the school will send you a bill to pay if you want to stay in school.

Indirect Cost
Another type of cost is an “indirect cost.”
This means how much it will indirectly cost you to go to the school.
Things like transportation, outside living expense, or personal expenses that arise with having to go to school go in this column.

Cost of Attendance
Finally there is the Cost of Attendance.
A campus takes the direct cost for students along with the average indirect cost and they come up with the total Cost of Attendance or what it costs the average student to attend their school

The cost of borrowing per $10,000