Overview

Graduating from college should be an exciting time, but today’s graduates are launching into a particularly challenging environment. From the conflicts overseas having their impact in the U.S. to a softening job market and high prices, your recent college graduate may need support and advice as they define the road ahead.

Many of these graduates are also carrying a financial load as they embark on their careers. Public university students borrow nearly $33,000 on average for their bachelor’s degree, and those costs can double or triple for private schools.

It’s challenging to start life “underwater” in terms of their debt-to-income ratio, and most graduates are focused more on becoming debt-free than building wealth. Still, it can be important for college grads — especially those in their early 20s — to develop successful money management habits now. The following are ways you can help your recent college graduate find their financial footing.

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