Consolidating graduate student loans

Though there are two major sources of student loans — federal and private – the federal side dominates the action, both in amount of money available and loan repayment programs.

The interest rates usually are higher than those on federal loans and there are some involved that aren’t part of federal loans.Freshmen can borrow up to ,500; sophomores ,500; and third-year students and beyond can borrow up to ,500 in subsidized loans.You cannot accrue more than ,000 in subsidized Stafford Loans throughout your undergraduate studies.Stafford Loans are more common than Perkins Loans, the other type of federal student loans.Money for these loans comes directly from the federal government in a program called the Federal Direct Student Loan Program (FDSLP).