How Do New Grads Feel About Their Student Loans Right Now?

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This month, many students will graduate from college. Congrats, class of 2014! To celebrate, Mike and Brigit covered many of the financial decisions you may face for your big day. (Shane was right—a party probably would have been a better gift.)

However, the SALT™ Blog remains practical, and as such, we know that as much as graduation is a time to look back, it’s also a time to look forward. And once commencement ends, many new grads will look forward to one big expense: student loans.

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Of course, when I say “look forward to,” I mean “look ahead to,” not “get excited about.” That doesn’t mean students don’t have strong feelings about their looming debt, though. In fact, this obligation is already on their minds—even for those who haven’t officially graduated yet.

To see how loans already affect them, I turned to Twitter for some unfiltered opinions. (Well, not entirely unfiltered; this is a family-friendly blog, and as mentioned, some of these opinions are strong.) Let’s take a look.

You Can’t Enjoy Graduation

When walking across the stage to get your diploma, you officially transition from “college life” to “real world.” And your classmates may be upset about leaving one and entering the other.

While the feelings of some people in attendance may be up for interpretation, others will be more than happy to tell you exactly what your future holds.

Then again, if all of this sounds too overwhelming, there is one way to avoid it altogether.

(Unfortunately, I don’t think Mike listed “graduation” as one of his “unexpected” graduation expenses.)

Things Get Real, Real Fast

Sometimes, you may have yourself to blame for this.

Other times, reminders will pop up that are out of your control.

I swear: Some of these companies totally have good intentions in mind!!! (Cue promotional link to SALT …)

And About That Party?

Oh, you’ll want something else much more instead.

And while it won’t be “fun,” you’ll very much enjoy it.

Especially considering the alternatives …

You Can Do It

Clearly, things may seem difficult now. Just remember that there are success stories out there—and you can be one of them. Whether you’re taking small steps …

… Or big leaps. Either will feel worth it.

How are you feeling about your student loans? Let us know on Twitter: @SALT_Money.

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  1. constance k May 27, 2014 / 12:59 am

    My sister graduated 5 years ago and is still paying here students loan

    • Ryan Lane May 27, 2014 / 10:41 am

      Thanks for sharing, Constance! The standard repayment period for federal student loans is 10 years (120 payments), so hopefully your sister is halfway done! Of course, if she’s able to pay them off faster, that will help her save some money in the long run as well by slicing her total interest.

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