By Ryan Laspina
Senior Specialist, Red Flags and External Reviews
If you recently earned your college degree, you might wonder what your next steps should be. First, congratulate yourself. You have accomplished an impressive goal.
But while the celebration continues, start developing a post-graduation plan. Here are a few tips on how to begin.
Keep Communicating with Your Loan Servicer
If you have any student loan debt, maintain regular communication with your loan servicer so you can work out the ideal repayment plan. Your repayment plan should be contingent on your current income. Your loan servicer will work with you to choose the best repayment plan based on your financial situation.
Apply for Jobs, Prepare for Interviews and Research Employers
If you are not currently employed, apply for as many positions as possible that meet your qualifications and skills. A college degree opens many new doors to employment opportunities.
In addition, you should sharpen your interview skills and gauge whether certain jobs are right for you. Make sure a prospective employer offers you a salary range that is compatible with your local market and gather all the information you can, so you can make an informed judgment about the company.
Consider Your Goals and Have Someone Help You with a Five-Year Plan
Sit down with your spouse, significant other, family members or mentor and decide on a five-year plan for yourself. Do you want to get married and start a family? Buy a house? Do you want to change careers? Do you have a family member who will need medical attention soon?
All of these goals in your plan will likely have a financial impact on you. Make sure to include these goals in your five-year plan.
Analyze Whether More Education Would Benefit You Financially
Take some time to decide if you want to continue your education. Going for a second or advanced degree can open more doors for you into the workforce. Do a cost-benefit analysis and decide if further schooling would be a good financial move.
Celebrate Your Accomplishment and Have Some Fun
You just worked hard and accomplished a goal that only one-third of the U.S. population accomplishes, according to the U.S. Census Bureau. Go out and enjoy yourself, but be careful. You do not want to derail your bright future.
Following these steps is a great way to set yourself up for future success. By making your plans now and allowing for future expenses, you’ll be better able to handle life after college.
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