Adjusting to life during college and after
By the time he graduated from Washington State University, Terry Arndt (’93 Horticulture) had accumulated $20,000 in student loans, $5,000 in credit card bills, and car payments.
Fortunately, he found a job right away, and a financial advisor. She suggested he pay off his high-interest credit cards first. Then he began making extra payments on his student loans, some with a 10-year payback period. There were other budget considerations. Health insurance premiums. Income tax. A vacation. A year after marrying Melissa Segars (’94 Music), he enrolled in the University of Florida’s M.B.A. program. More expenses.
Adjusting to life after college was not the smooth transition … » More …