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Cheap apartment, debt consolidation options for managing finances after graduation
By Oscar Monfort on May 6th, 2010
Many young people are seeing their college careers come to an end this spring as they graduate from schools across the country.
Now, they have to decide what their next step is going to be, which could include finding a job or an apartment. In the interest of managing their personal finances, college students may consider a recent study that ranked cities by the average rent charged for a one-bedroom pad, along with other factors.
According to the analysis from Apartments.com and CareerRookie.com, Atlanta took the top spot, with an average rent of $723. Phoenix came next at $669, while Denver placed third at $779.
Although rent in Phoenix is cheaper, other things played into the rankings, including the concentration of young people in the area and the number of jobs that require less than a year of experience.
While finding a cheap place to live should help keep bills down, many college grads may be facing unpaid student loans. One option they may consider is debt consolidation, which can help lower interest payments associated with a college education.
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