Thank you to Samantha Benson from the Higher Education Student Assistance Authority for her presentation on what life looks like after graduation in terms of student loans and the costs of graduation school. The most important thing regarding you or your children’s finances after graduation is to make sure you understand all the details of any loans. Some loans have a grace period (such as 6 months for Federal Stafford Loans) before any money needs to be paid back. There are also a wide variety of repayment plans that may better suit you or your child’s ability to pay, such as loan consolidation, deferment, forbearance, or changing to an income-based or graduated repayment plans. It is important to remember that if you consolidate, your monthly payments will be lower and you may get a lower interest rate, but you will be paying more money overall. For more information on repaying Federal Direct/Stafford loans, please visit https://studentaid.ed.gov/sa/repay-loans. For more information on managing your loans after school and preparing for the job market, please visit https://www.mappingyourfuture.org/planyourcareer/. For a wide variety of information on repaying student loans, please visit http://www.hesaa.org/Pages/PayOnline.aspx.