In a few days Iowa colleges and universities will graduate thousands of students. Almost all of them are in the same fix, owing tens of thousands of dollars in student debt and the first bill will be due in a few weeks.
ISU Financial Counselor Jonathan Fox says many students may look at how much debt they’ve racked up and think they will never pay it off.
“In a longer term financial planning perspective it’s very doable, it can get done, but you know step number one is managing your expenses and your cash flow,” said Fox.
He says those getting their diplomas this month need to have two things right away; a job, even one that is outside of your chosen field, and a financial plan.
Iowa Radio Network