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Graduating with Student Loans? Feeling Unsure About the First Payment is Not Uncommon for College Seniors, Finds College Ave Student Loans SurveyGraduating and feeling hesitant about your student loans? You're not alone. According to a national survey of 1,040 college students by College Ave Student Loans conducted by Barnes & Noble College Insights, one in three seniors (35%) are unsure how much they will owe on their upcoming monthly student loan bill. While some lacked confidence in their knowledge, the majority of the students surveyed had realistic expectations: median student loan estimates upon graduation were $30,000 - $39,999, and median payment estimates were $300 per month. Of the seniors, most knew the anticipated salary for their first job after graduation, and nearly half (49%) expected that salary to be more than $35,000 per year. "Knowing how much you'll need to pay each month on your student loans is a fundamental first step for smart financial planning, and the sooner you know it, the better," says College Ave Student Loans CEO and Co-Founder Joe DePaulo. "Hopefully students are thinking about their eventual monthly payment during school before they borrow. As they graduate and enter the workforce, everything from planning a monthly budget to negotiating their first salary can be better informed if they know what that bill will be each month." To get started, College Ave Student Loans offers these student loan repayment tips for recent college graduates:
About the Survey The College Ave Student Loans survey was conducted by Barnes & Noble College Insights. The national survey had 1,040 undergraduate student respondents and was conducted April 27 - May 7, 2017. About College Ave Student Loans College Ave Student Loans is simplifying the student loan experience so students can get on with what matters most: preparing for a bright future. As a fintech lending company with a sole focus on private student loans, we're using technology and our deep industry expertise to connect families who need to cover education costs with lenders who can provide that funding. By specializing in student loans, we are able to give our customers the attention they deserve and deliver loans that are simple, clear, and personalized for the individual: we help you find your perfect fit. We offer competitive rates, a wide range of repayment options, and a customer-friendly experience from application through repayment. Visit www.collegeavestudentloans.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170612005365/en/ |