Tips and Tools available to graduating college students and their families
BOSTON--(COLLEGIATE PRESSWIRE)--May 1, 2003--eGrad.com, the media, research and marketing company that focuses exclusively serving the needs of the 2.2 million graduating college students each year, today announced the top financial mistakes to avoid by graduating college students.
Despite the earning potential of college educated-young adults being far superior to any other segment in the wider community, college graduates do not often posses the essential skills in dealing with personal financial decisions as they become first-time head-of-households.
As Patrick Holder, Senior Class Vice President of Columbia University remarked, ''The transition beyond college is a significant life-event and filled with many first time decisions, like purchasing insurance, dealing with personal budgets and of course, repaying student loans. eGrad provides both the tips and tools to help college graduates make these decisions and even a calendar of key dates of when to do each.''
eGrad.com provides the largest source of advice and articles for graduating college students and university alumni. In addition to its website, eGrad also produces the annual GradPak Handbook, which is a magazine containing essential articles to assist graduating College students thought this life-stage.
According to eGrad Co-Founder, John Fees, college graduates are like to make 75% more than a high school diploma or more than $1,000,000 over a lifetime in the workforce, yet the decisions graduates make during the first twelve months following graduation are among the most important to shaping a successful and self-sufficient life-post college. Fees recommends that graduates avoid making classic mistakes including the following:
1. Not ensuring that they have health insurance during the graduation transition
2. Buying a week of ''work clothes'' before starting work
3. Missing the ''in-grace'' student loan consolidation discount that can save graduates thousands of dollars in interest payments on their loans
4. Not seeking out or using special offers for college graduates � such as Wall Street Journal or special new graduate offers on new vehicles
5. Not creating a personal budget or evaluating your personal ''Balance Sheet''
6. Not having sufficient insurance coverage on personal property
7. Not upgrading your student credit card to a lower interest rate standard card
In addition to further information on these classic mistakes, eGrad.com offers articles and tools designed to assist graduates with each of these personal financial decisions.
Fees continued, ''Our mission is to enable college graduates to successfully navigate this major life-transition and to connect graduates to special offers on the services graduates need and want. In addition to a set of useful budget tools, a national city guide written by recent graduates and buying guides such as a college graduate rebate search engine, eGrad also offers an email reminder service to remind graduates of important dates and mistakes to avoid during this major life-transition.''
About eGrad
eGradhttps:////www.eGrad.com) has made its mark by focusing exclusively on new ways to understand and connect deeply with graduating college students and educated young adults. The company is a valuable resource for business partners, which includes Ford Motor Company, DBM Real World, Educational Lending Group, The Wall Street Journal, Monster.com and GEICO Direct. For information regarding eGrad call Fees at (617) 248-9880, ext 203.
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