dcsimg

Life Balance: Managing Your Student Debt and Finances

Being buried under a mountain of student debt can be a tough way to start out in the workforce. When your first paychecks start rolling in, you will kiss a bunch of money goodbye when you have to repay your students loans. So how can you build a future AND pay off your student debts? A recent post had a few great pointers on how.

Learn about your loans. Many student loans allow for a 6-9 month grace period before loan repayment begins. During this time, your loans may be charged a lower rate of interest. Consider consolidating your loans and locking in your interest rate while your loans are at a lower rate. This may not only help keep the cost of borrowing lower, but it will mean you only have to write one check per month.

Establish an emergency fund. You should have enough money in your emergency fund to cover three months of expenses. This money should be used only in the case of emergencies, and not for those late-night runs to Taco Bell.

Pay off your credit card. It's estimated that college graduates carry an average of $2,500 in credit card debt. Most credit cards have very high interest costs. Be sure that you are not one of them. You cannot build wealth while paying 19% interest on your credit card purchases. Do not begin investing until you have an emergency fund and have eliminated your credit card debt.

Sign up for free money. If you have just started a new job, check to see what type of retirement benefits your company offers. Many companies will match your contributions dollar-for-dollar up to a certain percent of your pay. In other words, you get free money if you invest in the company retirement plan. Make every effort to contribute enough to get the full match. By doing so, you are, in essence, receiving a 100% return on your money. And, don't assume you are too young to save for retirement. By saving now, and harnessing the power of compounding interest, you'll have enough to retire long before most of your friends. Remember the time-value of money!

Contribute to a Roth IRA. Once you've built up an emergency fund, paid off your credit cards, and taken advantage of any free money available through your employer, make every effort to invest any remaining dollars in a Roth IRA. A Roth IRA is the ideal place to put those extra dollars you were otherwise going to apply to your student loan principle.

After earning your college degree, you should take care of your loans as soon as possible. Then you dreams a secure finiancial future can be realized.


Refine School Matches
Hide filters
  • SUBJECT Clear All

    See More

  • DEGREE

    See More

  • PROGRAM TYPE

  • START TIME

    LOCATION
    Please enter valid US or Canada Zip.

Searching Searching ...

Matching School Ads
  • Designed and taught by Syracuse faculty, the curriculum built on theory, fundamentals, and application.
  • The online format combines live weekly classes, multimedia coursework, and collaborative group learning exercises.
  • This program can be completed in as little as 15 months. A Bachelor’s degree and related undergraduate coursework is required for admission to the program.
  • Online Courses
  • Ranked 33rd among the Best Grad Schools for Social Work in 2015 by U.S. News and World Report.
  • Founded in 1904 as the nation’s first institute of higher learning to offer training for clinical social workers.
  • Provides a rigorous education, including a nationally accredited Master of Social Work (MSW) Program and PhD in Social Work.  
  • Offers inventive programs with hands-on experience.  
  • Incorporates social justice values and multicultural perspectives into curriculum. 
Show more [+]
  • Online Courses

An accredited online university, Capella University offers bachelor’s, master’s/MBA, doctoral, and certificate programs designed to take you to the forefront of your profession. Our competency-based curriculum delivers foundational knowledge and real-world skills, so what you’re learning is immediately applicable to your career. Right now, more than 36,000 students are expanding their opportunities with Capella programs.

  • Online Courses
  • Financial Aid
  • Transferable Credits
  • Earn a Master of Social Work online from top-ranked USC
  • Program can be completed in as little as one year
  • The CSWE-accredited program features live, online classes and hands-on field experiences near your community.
  • GRE scores are not required to apply
  • Bachelor's degree is required to apply
Show more [+]
  • Online Courses
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Students are issued a new laptop at the beginning of their programs.
  • All online services and study materials are available 24/7, with faculty available five days a week.
  • All programs available online, with the MBA program offered on campus in Salt Lake City.
  • Accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC), with programmatic accreditation by the Commission on Accreditation for Respiratory Care (CoARC).
  • Approved by the Better Business Bureau (BBB) since 2010.

Our family of non-profit colleges admits students of any race, color, and national or ethnic origin.

Show more [+]
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Allows students to transfer credits from non-U.S. colleges and universities after evaluation.
  • Has students attend one class at a time to ensure easy access to faculty and a more hands-on education.
  • Its main campus is located in Fort Lauderdale, with campuses located throughout the State of Florida and internationally. 
  • Provides a Department of Student Services and Resources that assists students with résumé preparation, interviewing skills coaching, mock interviewing, professional development workshops, and more.
Show more [+]
  • Online Courses
  • Ranked one of the Top Public Schools in 2015 by U.S. News and World Report.
  • Founded in 1766 as a public institution; it has a main campus in New Brunswick, New Jersey and offers many programs online.
  • Has an average freshman retention rate of 91.8%.
  • Its student-faculty ratio is 14:1, and 38% of its classes have fewer than 20 students.
  • Has famous alumni including chef and restauranteur Mario Batali, author Junot Diaz, actor James Gandolfini, and former U.S. Poet Laureate Robert Pinsky.
Show more [+]
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Push Your Creativity To The Next Level.
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
  • Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
  • Join us on Facebook, Twitter, YouTube and Instagram to interact with our community, read about grad success, and see campus images.
Show more [+]
  • Online Courses

Purdue University offers a strong foundation of tradition and history, an environment of intellectual curiosity and discovery, and a supportive, student-centered approach to learning. Founded in 1869 as a land-grant school, the University is known today for its prolific faculty as well as a record of distinguished research and achievement in aerospace, engineering, technology, science, and math. Our goal is to educate and develop men and women of personal integrity and scholarly excellence.

  • Online Courses
  • Ranked #4 among the 2015 Best Regional Universities in the Midwest by U.S. News & World Report.
  • Designated as 2015 Military Friendly School by U.S. News & World Report.
  • Student to faculty ratio of 12:1, with an average class size of 21.
  • 85% of faculty holds a doctorate or terminal degree in their field.
  • Regionally accredited by the Higher Learning Commission (HLC) of the North Central Association (NCA).
Show more [+]
  • Online Courses
Fremont College traces its roots to Platt College’s founding in St. Joseph, Missouri, in 1879, and the Southern California branch campus was established in 1986. The most significant evolution of the College started when its third CEO, Dr. Sabrina Kay, assumed leadership in 2007. Fremont College became an innovative center adopting the framework of Work-Based Learning Leadership at the Wharton School and Dr. Kay’s thesis on improved learning through practice and collaboration.
  • Online Courses
  • Ranked among the Best National Universities in 2015 by U.S. News and World Report.
  • Ranked 8th among the Best Online Graduate Education Programs in 2015 by U.S. News and World Report.
  • A private, co-ed college founded in 1821 and located in downtown Washington, D.C.
  • Its student-faculty ratio is 13:1, and 55.1% of classes have fewer than 20 students.
  • Has distinguished alumni including Senator Harry Reid, former U.S. Secretary of State Colin Powell, and actress Courtney Cox.
Show more [+]
  • Accredited
  • Online Courses
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • A Los Angeles-based private college offering programs in medical sciences, legal studies, and graphic design since 1985.
  • Has weekend programs, including certified  veterinary technology, nurse assistant, and hemodialysis technician.
  • Showcases visual communication students’ artwork and design through campus magazine.
  • 3 campuses in Southern California.
  • Accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC).
Show more [+]
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Ranked among the Best Business Schools in 2015 by U.S. News and World Report.
  • Ranked the #1 Public MBA program in the NYC region in 2014 by the U.S. News and World Report.
  • Educates about 4,500 undergraduate and graduate students per academic year at two campuses in New Jersey as well as five satellite locations in New Jersey and Singapore.
  • The only public university in New Jersey in the Association of American Universities (AAU), a group comprising of North America’s 63 leading research universities.
Show more [+]
  • Online Courses
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
  • Features a competency-based MBA program that allows students to test out of subjects based on prior professional experience.
Show more [+]
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits

Featured Schools