Category: Cost

A new job and steady paycheck often create the temptation for recent graduates to spend more than they earn. Kate Arndt, a financial planning coordinator at Bedel Financial Consulting, Inc., in Indianapolis, suggests three ways to get a head start on staying out of debt, managing expenses and saving for the future. Arndt is a 2016 graduate of Indiana State University with a bachelor’s degree in finance. “The secret to getting rich is to live below your means!” she says. Beware of “lifestyle creep” Arndt says the new thrill of…

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Senior at Indiana University, majoring in elementary education with ESL license addition Hometown: Elkhart, IN     Julian Luna has a mission. He wants to help first-generation college students like himself succeed. He plans to be a teacher, and aims to eventually start his own bilingual language immersion elementary school. Financing an education: Luna discovered his love for teaching in high school, when he had an internship that took him to several elementary school classrooms. “I loved everything about the classroom environment and working with the kids,” he says, but…

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Tips from a pro Is repaying student loans on your horizon? You’re not alone.  According to ticas.org, a graduate of an Indiana four-year college faces repaying an average student loan debt of more than $29,000. It’s important not to get misled in your quest to become debt-free. Indiana attorney Michael Lux, founder of The Student Loan Sherpa, a website dedicated to student loan education, strategy and borrower advocacy, says one question he gets “far too often” is about purported student loan services “that are nothing more than a scam. Programs like…

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