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After graduation, what about student loans and debt?

July 4th, 2008 by admin

According to a study by the Project on Student Debt, recent graduates left college with an average of $19,646 in student loan obligations.

“Unfortunately, some graduates have additional credit card debt or car loans,” says Ken Shapiro, certified public accountant (CPA) and a certified financial planner..

As a first step toward mature, financial independence, Shapiro recommends that new graduates develop a financial plan. “Work out a budget,” he says. “Determine what your real needs are. Figure out how much you can afford to pay down. Pay on time so you can build good credit.”
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Courtesy: www.recordernewspapers.com

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