Direct PLUS Loans are unsubsidized loans available to graduate/ professional students to help pay for educational expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods. For the past 3 years, many young people who are unable to find jobs or find jobs that are in the fields of their study have decided to go back to school to get advanced degrees. Doing so could put them in a better or worse situation. Unless you’re certain of your choosing field of study has a high employment demand, it’s not guaranteed that you’d be better off than you’re now in 2 or 4 years.
In the past, most graduate students in liberal arts or science, technology programs received funding from the school. During the tight budget time, schools are cutting back or simply no longer have the funds to finance graduate students. Many entering students choose to get loans to pay for their advanced degrees. You must conduct enough research before you do that. If you still have undergraduate loans and the new loans that you’ll be acquiring could let you to many years of repayment even if you find a job right away.