Preparing Students for Life:
To put it bluntly, the feeling sucked. Anyone with student loan debt will agree that leaving the academic world with seemingly nothing more than a piece of paper and negative money in the bank is not fun. But still, looking back on those early days makes my stomach lurch and my head ache.
Back then I knew that debt felt bad, and I wanted to get the debt monkey off my back as soon as possible. So I made the commitment to myself and to my financial future to get outta student debt fast. Negotiate your first job offer: You have your degree, now use it! The most important action I took in paying down my student debt was to not settle for my first job offer.
Not true I say! Companies exist by keeping their costs down, hence paying their new graduate employees as little as possible. When you get your first offer congratulate yourself for startersand then negotiate for a little bit more.
When I got my first offer, I thanked the company wholeheartedly for their offer and stated my excitement towards the position and working with their team. I also mentioned how I felt the job was a good fit for my skills and my direction. Surprisingly, this has always worked for me.
While my fellow graduating students accepted their first offer, I negotiated better compensation. Keep living like a student: When I graduated from school I kept my same inexpensive apartment, my same bus pass, and my same habits. Instead of keeping up with the Jones, I kept up with my loan interest and paid down lots of loan principal up front.
Paying down principal quickly prevented my loan from increasing in size with compounding interest. Use all available tax credits: In Canada, students get tax credits for tuition payments and the education amount.
So keep all education tax receipts and use them towards paying less tax. The tax savings usually got me a refund, which I then applied to future educational expenses, and hence borrowed less money and accumulated less debt. If you live in the USA or another country, do yourself a huge favor and familiarize yourself with student tax credits in your area.About Karen Kelsky I am a former tenured professor at two institutions--University of Oregon and University of Illinois at Urbana Champaign.
I have trained numerous Ph.D. students, now gainfully employed in academia, and handled a number of successful tenure cases as Department Head. Last month the Walkerton, Indiana community and John Glenn High School were stunned at the unexpected loss of a stellar athlete and student.
Zac Mago (17), an incoming senior, honor roll student and starter on the basketball team laid down for an afternoon nap on July 5 inside his home but never woke up. The loss was devastating. Upon entering high school students are offered a choice of a comprehensive high school program focus which is the typical college preparatory track, or they can enter into the college/technical preparatory classes which will prepare them for both the work force and college.
Law school can lead to jobs in many different fields, including immigration law and the nonprofit sector. By Kelly Mae Ross, Staff Writer | March 23, , at a.m. Latest breaking news, including politics, crime and celebrity. Find stories, updates and expert opinion. Search and browse our historical collection to find news, notices of births, marriages and deaths, sports, comics, and much more.