Finding funding for graduate study can be a difficult task, but, believe it or not, getting money is not nearly as confusing as you might think. The financial aid process is a little bit different for each student, the first step is checking with your school about what funding is available.

Most graduate students turn to student loans. A graduate student can borrow as much as $18,500 through the Federal Stafford Loan Program. There are also alternative/private loan options to help meet costs not covered by Stafford.

If you do have to borrow, borrow only what you need. Keep in mind your expected salary as you sign your promissory note or accept a financial aid offer.

The financial aid process is a little bit different for each student, but there are a few things that hold true for just about everyone. First, apply even if you think won't qualify. There are many variables involved in determining eligibility and there's just no way to know if you don't try.

Second, the Free Application for Federal Student Aid (FAFSA) determines eligibility for Stafford Loan programs as well as for many private grants, fellowships and scholarships. Filing the FAFSA is essential.

You should also be sure to contact both your school's graduate admissions office, and your department to inquire about the availability of assistantships, tuition remission, and/or school-specific fellowships