Financial Advice for College Students
Whether you are a freshman just starting out or fresh off the graduation stage about to take on the world, a solid understanding of how to save for, during, and after college is essential. Understanding student loans and how to pay off debt sooner will set you up for lifetime success and financial prosperity. At North Country Savings Bank, we care about helping college students and graduates. So, read on and learn how to gain financial stability as a college student or graduate here.
You're ready to start a new chapter of your life, one in which you take charge of your own finances. Whether you're headed off to college or to your first professional career, managing money responsibly is important.
Nobody likes paying off debt, and student loans can last a very long time. If you are dedicated to paying off your debt, however, there are strategies you can use to pay off your debt quicker and reduce the amount you owe.
So you've graduated college, landed a job, and all is well – until you get a notice that your first student loan payment is due. Take a deep breath! With so many repayment options, it can feel overwhelming and hard to know which one is best for you.
Millennials are dealing with significant student debt – the average class of 2016 graduate has over $37,000 in student loans. Paying off student debt has put home buying on the back-burner for many recent grads, and in some cases has hindered their ability to be approved for a mortgage.
If you’re the parent of a recent high school graduate and soon-to-be college student, you’re probably thinking of all of the ways you can prepare your child before they take flight from the nest.
So, you’re a recent graduate? Congratulations! Now that the caps have been thrown and you’ve received that degree, you’re one step closer to real adulthood. Among the many new responsibilities you’ll have coming your way as an adult, is beginning to pay off your student loans.
For Millennials and Gen Z members, financial independence can seem out of reach.
The last week in February is America Saves Week. Given this, we thought we’d dedicate some time to discuss how you can start to think more about savings – one of the cornerstones of building a sound foundation for your personal finances.
Many college students start receiving credit card applications as early as freshman year – and as time goes on and graduation approaches, you might even start to ask yourself, “Should I get one?”
If you have a student heading off to college, they’ve probably got visions of freedom and the good times to come, floating around in their head.