I love seeing college grads walk across the stage! Some of them are humble and demure….then you get that ONE who yells loud, makes a comical gesture or even does the infamous back flip (….epic fail if it doesn’t go right). Most grads continue the celebration with their families and loved ones. It’s a wonderful experience. I am happy to say that I was able to experience such a moment—minus the back flip.
It’s ALL GOOD until you get the bill to start repaying those pesky student loans. Sometimes, or shall I say–most of the time, the bill comes before you land that high-paying job. Most grads are not ready to start paying back their students loans immediately. Only a small percentage are able to commence payment immediately. For the rest, here are other options. There are options to defer payment to a later date or to start with lower payments and slowly graduate to a higher payment amount. Author, Shieresa Ngo lists some great options in her latest article “Weighing Your Student Loan Repayment Options.”