How does a grad school loan work with company-reimbursed tuition?

February 11, 2009

How does a grad school loan work with company-reimbursed tuition?

Filed under: Financial Aid — Tags: Grad School Loans, money, School Loan, School Tuition — admin @ 2:35 am

NUnum1 asked:

My company will reimburse my grad school tuition based on my grade for each class. Am I supposed to get a loan first and pay off the loan with the reimbursement money, or do I wait til the end of the semester to pay the tuition? Any good sites for grad school loans?

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Comments (1)

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Think of the tuition reimbursement entirely separate from any loans you get. The school does not care if you apply for fin aid or not.

However, unless you have the cash to pay your tuition without the loan, you may have to take out a loan to pay your tuition. Most schools require you to pay your tuition up front.. but some do have payment plans on sort of a “pay as you go” through the semester to be paid off by the time the class is finished.

To apply for a grad school loan (Stafford at fixed 6.8% interest) go to

Your employer should pay you after your grades come in… its up to you what you do with the money. Best to pay off the loans, but not mandatory.

Comment by Found-1 — February 14, 2009 @ 5:51 am