Loans are the most common type of graduate financial aid, followed by scholarships, grants, and work-study.

Scholarships are based on merit, while grants are based on financial need. Scholarships are typically larger than grants. Scholarships are not taxable, while grants are.

The maximum amount of federal student loans that a graduate student can borrow is $20,500 per year.

The interest rate on federal student loans is 6.99%.

The repayment period for federal student loans is 10 years.

The Public Service Loan Forgiveness Program is a program that forgives the remaining balance of federal student loans after 10 years of public service.

The eligibility requirements for the Public Service Loan Forgiveness Program are: must be employed by a government or non-profit organization, must have made 120 qualifying payments on federal student loans, and must have been in repayment for at least 10 years.

The Graduate PLUS Loan is a federal loan that is available to graduate students, graduate students with good credit, and graduate students who are not eligible for other types of federal student loans.

The interest rate on the Graduate PLUS Loan is 7.99%.

The repayment period for the Graduate PLUS Loan is 10 years.

The eligibility requirements for the Graduate PLUS Loan are: must be enrolled in a graduate program at an accredited institution, must have a good credit history, and must not have defaulted on any federal student loans.

The Perkins Loan is a federal loan that is available to undergraduate and graduate students, students with financial need, and has a low interest rate.

The interest rate on the Perkins Loan is 5.00%.

The repayment period for the Perkins Loan is 10 years.

The eligibility requirements for the Perkins Loan are: must be enrolled in an undergraduate or graduate program at an accredited institution, must have financial need, and must not have defaulted on any federal student loans.