Dec 2, 2013
It’s exciting to be near the finish line.
The end of late-night studying, exam-session stressing and lectures is almost here (for now!). However, graduation also means the ending of in-school student loan deferment (if you have federal loans, then the 6 month countdown is about to begin). So, here’s some practical perspective to help you prepare to manage your student loans after graduation.
5 crucial tips for managing student loans after graduation:
(1) You will not live off of the advertised salary. Subtract your monthly student debt payments from your take-home earnings (after state and federal taxes! + please consider withholding!), and then you have a more rational view of what your actual earnings post-graduation look like. So when comparing job offers, think about the professional direction you’re committed to, and make sure you have what you need to live and pay your student loans after you take off your cap and gown.