The mounting issue for recent grads

04/17/2012 12:58

The thing that I really want to talk about here today is what you will plan on doing after you graduate Planning what you will be doing after college is essential and it'll make it much easier to pay off any debt that you may off. Most of the time, people just simply find themselves in a lot of debt and its just hard to get out of it. So the best thing to avoid getting into all this debt in the first place is to not take out too many of these  student loans .

 

In fact, you should have a plan to repay it all. I didn't have a plan to repay it all and when I graduated, I found myself just kinda scrambling around and looking for jobs here and there and had to settle for a low end job. Lately I've been researching these things that allows you to get money to pay off your loans. Now that's an interesting concept. On average it'll take a new college graduate around 6 months to 1 year to finally land a job that is related to their field of study. Many of these jobs are entry levels and that just kinda sucks.

 

I had a college buddy of mine really went out of his way to make sure that he paid off every debt he accumulated while he was still in college. To my knowledge, the only real way to do this is to get a full time job while you are still in college. So if you are still in college and doing full time work, then you're gonna have a hard time picking up that grade. Consolidating your student loans can easily make them more management and quicker for you to pay off. A good practice is to keep a complete listing of any kind of loans that you have taken out while in college and to calculate your monthly repayment.