Area college students will graduate in the next few weeks. With the economy recovering at a snail-like pace and job prospects less than favorable, paying back student loans will weigh heavily on the minds of new grads long after the cap and gown has been stored away. According to the Institute for College Access and Success, the amount of student debt owed by Americans exceeded outstanding credit card debt for the first time in 2010.
The Pennsylvania Institute of Certified Public Accountants (PICPA) has tips for the class of 2012 to help them meet this obligation. These include:
- How to avoid missing payments
- How loans should be organized
- Which loans should be addressed first
- A time frame that will allow a minimization of interest payment
Even though this task may seem daunting, the PICPA can help the graduates in your audience meet their post-college obligations. Contact PICPA to set up an interview with a local CPA.