Whether you are just starting college or graduate school or if you are leaving college to start a new career, you will be facing new financial challenges. If borrowing is or has been a part of your financial history, you may want to educate yourself about the consequences of excessive debt, the rights and responsibilities of a borrower and of managing finances while in school, and after graduation.
Excessive debt comes from wanting, and getting, everything now .
Debt obligates your future income. Debt can be expensive. Interest payments on debt work against you. Similar statistics for graduate students were higher. Solutions Develop a financial plan, or budget, to balance spending with income.