For all the required classes needed to obtain college degree, there is one glaring omission: how to repay your student loans.
Repayment is a priority!
Make paying off your sudent loans your No.1 priority. The penalties for falling behind on student loan payments are fierce, and student loan debt is pretty much inescapable. Even if you were to take the extreme step one day of filing for bankruptcy, your student loan debt would not be wiped out.
Credit card debt, mortgage debt and auto loan debt can all be discharged in bancruptcy. But 99.9 percent of the time, student loans cannot. They stick to you like Velcro, for the rest of your life.
You tipically have just six months from the time you leave school to begin repaying your federal loans. After this so-called grace period, you are expected to begin repayment, even if you don't have a job. And be aware that interest on Stafford loans will continue to accrue during your grace period. Bottome line: The sooner you start repyament, the better.