Your financial aid award package will tell you what types of education loan programs you are eligible to accept. If you have remaining unmet need, you may need private "alternative" education loans to cover all your expenses. Your school's financial aid office can help you determine which programs are right for your unique situation.

First consider the federally guaranteed Stafford loans - the subsidized and unsubsidized. If you should need additional money to cover your costs, then look at either the Federal PLUS loan or the alternative loan.

Keep in mind that subsidized loans with the lowest interest rates and with the most options for deferring payment are awarded to those with the greatest need. You may not be eligible for all of the loans listed. Your school's financial aid office determines your eligibility for both loan and non-loan programs.

There are a variety of low-interest loans and other aid programs available to graduate students through the FFELP and Direct Loan Program. Many are similar to the undergraduate loan programs, yet with higher annual loan limit amounts. Others are unique to a graduate student's specific area of study. In addition, many lenders offer private loans to meet graduate need.