Graduates leaving university with thousands of pounds of debt should try to pay off what they owe as soon as possible, it has been suggested. The average student who has just graduated may want to make repayments a priority, according to the Cambridge Evening News. It claims that entering the "real world" and getting a job could be the first time that graduates have the opportunity to take charge of their finances. Creating a budget, working out a debt repayment plan and prioritising bills are all part of taking these first steps towards self-sufficiency, the article states. "The good news for graduates is that according to the annual careers survey High Fliers Research, the average start-out salary is £21,700," it says. However, it adds that high levels of student debt mean that "becoming financially aware and attempting to regain solvency should be a high priority". In related news, Helen Palmer, current accounts manager at Alliance & Leicester, recently suggested that graduates may want to get on the career ladder immediately.
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