This post is sponsored by College Ave Student Loans and Her Campus Media. All opinions are my own. Thank you for supporting the brands that make Alicia Tenise possible!
I mainly chat about fashion, beauty, and mouth-watering food on here, but let’s talk about something that isn’t so glamorous: student loans. I absolutely love being a post-grad and I’m super stoked that I have an awesome career in the marketing field. However, I totally have to admit that I did not do anything in undergrad to prepare for my financial future. Really, anything. My monthly student loan payments are a bit higher than I’d like and not only is this cutting into my brunch funds, it really makes saving money for a house, a car, and just having a rainy day fund pretty difficult.
Even though I’m bogged down with undergraduate loans, one day I hope to go back to school and get my MBA. I definitely plan on being smarter with my lending now that I’m more conscious of my budget. College Ave is an organization that I wish existed back in my undergrad years. They’re an online marketplace lender that has a sole focus on student loans.
My favorite thing about College Ave is that they show you what payments you can make while you’re in school to reduce your payments post-grad. For example, if you make a monthly payment of roughly $100 while you’re in school for 54 months, you could reduce your post-grad payment by $70 each month. College Ave also offers lower interest payments to those students who choose to start paying off their loan while they’re in school.
I love that College Ave makes it super easy to save on student loans with a user-friendly interface. None of the loans I chose broke down what my monthly payments would be after I graduated, nor did they break down the benefits of paying off a loan in school. College Ave even has a mobile-friendly application with a sleek, easy to use interface and borrowers can receive a credit decision in less than three minutes.
If you’re still in school, make sure to enter College Ave’s Instagram Contest! Share your college goals for your chance to win a $5,000 scholarship and a $50 Chegg credit for textbook rentals.
To all my post grad friends: what do you wish you did differently in school to prepare for your financial future?