Preparing Yourself Financially After College
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By Sarita Olson, LCSW-C, Team Manager, Service Coordination
College students who are graduating and transitioning into the work world find this is an exciting yet apprehensive time. Your financial picture will most likely change once you graduate—depending on your financial obligations and individual situation.
“A Generation Hobbled by the Soaring Cost of College,” (New York Times, May 12) noted that 94% of students who earn a bachelor’s degree today borrow to pay for higher education—up from 45% in 1993…. The average debt in 2011 was $23,300 … and “nearly one in 10 borrowers who started repayment in 2009 defaulted within two years.”
If you are a college student in your twenties, figuring out how to pay off your loans, while also meeting your living expenses, can be overwhelming.
The financial effects of decisions made now will last into your thirties and forties...Read more...
Jennifer
7:20 am on Tuesday, May 21, 2013
I would say that today being a college graduate is really a hard job. Most graduates have their student loan debts and have to pay them off. Another difficult task is finding a job which would allow to pay off these loans. But the job market is tough and young professionals often complain that it’s hard to get employed if you don’t have a job experience. That’s why I think it’s worth to start your job search when you are in college and look for a job which you could combine with studying. Quite often college degree isn’t a guarantee of a great career and considering today’s economy, you should make lots of efforts to get a well-paid job.
Jennifer Wills from http://northenloans.ca/instant-cash.html