Thursday, March 19, 2009
College Debt is a Growing Concern Among Youth
By Nicholas Hall
Making your way in today’s world can be an expensive burden, especially right out of school. A graduating senior has to worry about cost of living after graduation, rent, and many other expenses that pile up when you have to live on your own. On top of these expenses, looming over your head is four years of college debt. Its no surprise that his is a huge concern for graduates, but the good news is that now graduates are better budgeting and handling their expenses in response to the debt.
With the economy and market at its worst place in decades people have to be even more concerned with their money, assets, and expenses than ever. The overwhelming college debt might be frightening, but it will certainly keep you in line as far as overspending goes. Students are trying to spend better across the board; they are buying economy cars that are better on gas and cheaper, they are living in more realistic locations, they are spending less on unnecessary things, and so on.
College is a great time to learn and create habits that will benefit you for the rest of your life, and this is especially true in regards to finances. College can offer you a first look on how to handle expenses such as loan payments on cars and homes, utilities, and family expenses. Getting a head start on developing good habits and making smart decisions is a great way to ensure that you’ll be ready for whatever the future has in store for you.