Perspectives

3 Things Every Recent College Graduate Should Prepare For

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Congratulations! You did it! You’re a college graduate, ready to take the world by storm. A sea of endless possibilities awaits you, but are you prepared for them?

Listed below are 3 Things Every Recent College Grad Should Prepare For:

1. Post-Dorm Life

I have so many memories from my freshman and sophomore year living in the dorms. Some good. Some bad. Some let’s just say were learning experiences. LOL! One thing’s for sure; post-dorm life is totally different and that isn’t a bad thing.

Being on your own allows you to experience a newfound sense of independence and responsibility.

Soon, you’ll be paying rent or making mortgage payments. Not everyone has the option of moving back home with their parents. But if this option is available to you, start a savings fund to cover your first three month’s rent or maybe even a down payment on a house. Oh, and don’t forget about utilities, furniture, food, gas money, etc. You’ll need to be prepared to handle all of these things.

2. Internships vs. The Real Job

Internships are a great way to get your foot in the door of the company you’re interested in working for, allowing a snapshot view of the company, its culture and give a general idea of what your work load may look like. If you’re selected to become a full-time employee, be aware that things can and often change. Full-time employees are often required to work more independently and sometimes at an accelerated pace.

If you interned with a company and will be working for them full time, take everything you’ve learned during that time frame and be prepared to hit the ground running on your first day of your new job.

3. Student Loan Payments

Did you know that you will have to start making your student loan payments six months after you graduate? You may be able to apply for deferment in some situations, but be mindful that interest can accrue during this time.

According to Federal StudentAid, while most federal loans have a 6-month grace period before payments are due, PLUS loans and private loans have no grace period. Contact your lender today to verify which type of loan you have when the payments are due, and how much you will be expected to pay monthly. Consider saving the payment amount before it comes due, so you know how it will affect your monthly budget.

We hope we didn’t frighten anyone after reading this blog. Being a “grown-up” is a great thing. You’ll make a few mistakes here and there. But with the right tools and information, you’ll be prepared to handle anything that comes your way.

What are you looking forward to the most as a recent college graduate?