How to Tackle Debt After College

6 min read
How to Tackle Debt After College

After college, you’re entering a world where you’re more educated and more responsible for your future career. However, it can be difficult to tackle the debt that you’re dealing with after taking out one or more student loans. While student loans are a great option for individuals who need to pay for college, you will typically become responsible for paying them after you graduate. For this reason, you need to create a clear plan specific to tackling these debts.


Student loan consolidation is a wonderful choice for individuals who have taken out more than one loan. Consolidation allows you to take all of your current debts and put them onto one specific account. Typically, your new loan will have a lower interest rate and a longer repayment term. By consolidating, you’ll be saving money in the long run and will prevent issues with late charges and fees.

How to Tackle Debt After College


In order for you to tackle your new debts as a recent college grad, you need to create a specific budget. Budgeting can be difficult, especially if you’re used to spending your money freely and without any restraints. However, creating a budget is a lot easier than you might think. First, you’ll want to take your debts into consideration in comparison to how much you’re able to earn. Once you know how much you’re left with after all of your bills have been paid, you’ll know what you have to spend freely.


You need to start applying for jobs after graduating from college, especially if you have student loans that you’re now obligated to pay back. Applying can take some time, especially if you have a degree in a competitive field or industry. Creating a quality, professional resume can do a world of good when sending in job applications. If you have one or more degrees, use these to your advantage when applying for a new job and see what you hear back from employers. Always present yourself as an educated professional when going on interviews.

How to Tackle Debt After College

Consider Your Living Situation

It’s not uncommon for recent college graduates to have to live at home with their family members until they are able to get themselves established in a solid career. You should never feel ashamed for having to live with your parents after college and in many cases, doing so will help you to save some money that can be put towards purchasing a home or getting your own apartment.

Don’t Stop Focusing on Your Career

It can be daunting to continually job search after school when you’re having difficulties finding the right employer. However, you should never stop focusing on your career and what you want out of it. Be sure to create clear goals for yourself and work towards these goals at all times. In doing so, you will be able to find a great job that you can make a career for yourself. It may take several months or even a few years to find the right company, but the key is to never stop looking.

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