When students graduate from college, one of their top concerns is finding a job that will allow them to repay their student loans. With thousands of college seniors about to graduate into a recession, the competition for entry-level jobs remains high. The video above offers some great tips for graduating seniors searching for their first job.
Getting a forbearance on your student loans can be a good short-term option if you’re struggling with repayment. However, the interest can really add up, and you might end up paying thousands of dollars on top of the loan after just a few years of forbearance. Watch the video above for one student’s story about the long-term costs of forbearance.
With all the talk about surging college student debt and student loan delinquencies, you might be wondering whether college is worth the investment at all.
Despite the dreary economic outlook and rising tuition costs, attending (and graduating from) college and professional schools pays off. The chart above shows the economic benefits and unemployment rates for various levels of educational achievement.