7 Common Mistakes New Graduates Should Avoid with Student Loans

Graduation is just around the corner, but for many college graduates, paying back student loans feels like a distant worry due to the typical six-month grace period. However, those months can pass by quickly, and soon it’s time to start repaying loans. Interestingly, more than 20% of people miss their first student loan payment, according to Mark Kantrowitz from Edvisors.com, a site that helps with college planning and managing fees. This typically happens not because people don’t want to pay, but because they simply forget about the due date. Life changes like moving to a new place, starting a new job, or buying clothes and furniture can push loan repayments down the list of priorities.