What Do I Owe Again? 6 Tips For College Seniors Facing Down Student Loan Debt

 

The summer before my senior year of college, I was scrolling through my email when one subject line caught my eye: “Finish Line Grant.” I clicked on it. “Dear Alex,” it read. “We are excited to let you know that you have been awarded a Finish Line Grant – a scholarship given to you by NYU in the amount of approximately 10% of the total subsidized federal loans you have borrowed.”

Three thoughts went quickly through my head. First: “Ohhh right, I have student loans." The second: “10% off my loans, how awesome!” And the third: “Wait. 10% of how much . . .