- Purpose-Specific: These loans are specifically designed to help graduate students cover their rental expenses.
- Loan Amount: The amount can vary based on the cost of living in the area and the student’s needs.
- Repayment Terms: Often, these loans have flexible repayment terms, which might include grace periods until after graduation.
- Interest Rates: Interest rates may be competitive, but they can vary widely between lenders.
- Eligibility Criteria: Typically requires proof of enrollment in a graduate program and may include credit checks.
