Think about possible deductions, such as job-hunting expenses, travel to interviews, moving expenses related to starting a new job, charitable contributions, subscriptions to journals and association dues. Also remember to keep receipts, pay stubs and other important paperwork. This tends to be more expensive. Check with multiple companies to find the best rates, and keep the speeding tickets to a minimum. The other insurance coverage that comes to a screeching halt when students graduate is health insurance.
Some colleges offer interim coverage.
Perhaps the most unsettling surprise for college graduates surrounds the impact poor use of credit during college can have for years after graduation. A bad credit report can affect your ability to rent an apartment, obtain a loan or even get a job. Many companies check credit reports and may choose not to hire based on irresponsible credit ratings. That is how they make their money. Credit card interest rates can average around 18 percent.