Graduating from college is a wonderful thing that should rightfully be celebrated. But in six months or so, that celebration will be substantially muted when college loan payments begin.
Did you know the average 4-year undergraduate has $18,625 in student loan debt that will end up costing $25,720 between now and 2022? Being saddled with that kind of debt often leads to putting off major life decisions such as getting married, buying a house and starting a family. That's why Patrick Kandianis and the SimpleTuition.com team offers a SmarterBank account with SmarterBucks rewards. Basically how it works is that every time you make a purchase you use rewards to pay down your student loans a little faster, a little at a time.
And if you want something more immediate, you can also enter the #CrushStudentDebt giveway until the end of May, which awards one lucky recipient up to $25,000 to pay off student loans.
And if you're just entering college or planning ahead, Simple Tuition also has great tools to find student loans, plan payments with a College Cost Adjuster and even get student deals on textbooks. So whether you're a college student yourself or someone helping a college student pay for school, these tools are a must-have and the free advice in this podcast from a professional like Patrick Kandianis is well worth it.
Then, when you're done, go to www.salary.com and find your desired profession to determine how much money you'll make to pay off all your loans!