Commencement ceremonies are going on all over America. While COVID-19 has disrupted many college experiences, the graduation festivities are there to remind young people that all their hard work finally paid off. While the lucky have landed some good-paying jobs, many graduates face the real world with a sizable amount of debt on their young shoulders.
The College Debt Monster
It is no joke at all. College graduates can be looking at a debt of thousands of dollars that will take many years to pay off finally. Graduation speakers tell their audience to take a few months and explore the world, but that is not feasible. The payments will start in about six months after receiving the diploma. Graduates may be tempted into declaring forbearance, but that will only delay the inevitable at an even higher price. Continue reading