So, you’ve survived the SATs, AP exams and college application gauntlet and are basking in the glow of college acceptance. Savor the moment, and then start crunching the numbers so you can be financially awesome in budgeting for a bright future.
Whoever coined the phrase “what goes up must come down” probably didn’t have higher education costs in mind. Each year, tuition and fees seem to grow, leaving students and families in a bind about how they can make this investment in a young person’s future.
For many years, the desired career sequence involved a high school diploma, a four-year college degree, and a steady, well-paid job with room for advancement. That track may be going the way of that almost mythical pension as college costs soar.
Maybe you’ve seen the headlines, the ones declaring that Americans owe more than $1.48 trillion in student debt. By comparison, your share probably isn’t as mind blowing. But, if you’re making career moves and looking at a starting salary that barely tops what you owe, a little freak out isn’t unwarranted. Have your moment, then collect yourself and start planning to be financially awesome.