<p>Suppose you are $40,000 in debt from undergraduate loans. Is there any chance you can go to grad school?</p>
<p>Why are you thinking the two things are related?</p>
<p>If your undergrad loans are Stafford loans, you will be able to defer the repayment while you are in grad school (remember, though, that the interest will be accruing on the unsubsidized loans throughout that time). </p>
<p>For grad school, you may borrow $20,500 per year (up to $8500 subsidized, depending on need).</p>
<p>
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Is there any chance you can go to grad school?
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The question really should be: Can you afford it?</p>
<p>I agree with OperaDad. You really need to look at the value added. I see so many students who owe so much money - I wonder how on earth they will ever pay it back. </p>
<p>Think creatively. Can you be a resident adviser? Can you be a TA or grad assistant? Can you get a fellowship? Can you work & go to grad school part time? Perhaps you can work for an employer that offers tuition reimbursement - that's how my H & I went to grad school. There are options.</p>