If you’re a recent graduate from college or graduate school, you probably have a lot on your mind – employment, housing, bills, maybe even professional licensing examinations (I’m still traumatized from the bar exam). If you took out student loan debt to finance your education, you should be thinking about your student loans, too, even if you don’t want to.
A lot of people have advice and suggestions for what recent graduates should do with their student loans immediately after graduating. However, I have the unfortunate position of seeing what happens when borrowers don’t do the right thing – they may make a seemingly innocuous error or oversight, which can come back to bite them later in a very big and damaging way. The system shouldn’t be so tricky to navigate and so riddled with land mines, but unfortunately, that’s the student loan landscape that we currently have to work with.
Here’s what you should be doing and thinking about as a recent graduate with student loans:Read More