Student Loans Await ISU Graduates

Published 05/03 2014 07:38PM

Updated 05/04 2014 12:00AM

For ISU grad Garrett Kramer, it's time to start thinking about life after college.

"Well I'm going back home and do a little part time work, then do a little job hunting," Garrett said.

He'll need a job because of a looming student debt, which Garrett admits he hasn't really thought much about.

"Hopefully pay it off a little bit at a time. I have some extra loan money that I'm going to get back to them as soon as I can. But other than that, I really don't know," explained Garrett.

Mom and dad have thought about it. They've devoted a large amount of money to Garrett's education. But it's something that Jim Kramer says every parent should do.

"The kind of expenses we had to pay out of pocket, the loans that we assumed that we'll be paying on for years. But being a parent, you put yourself second to your kids," Garrett's dad, Jim said.

The Kramer's did all they could to assist Garrett with college expenses.

"Tuition, books, room and board," said Jim. "He lived in an apartment this year so we helped with groceries, subsidizing his vehicle, those are all part of the deal of our expense for him."

Garrett majored in sports management and hopes to find a facility management job back home.

"We have the University of Notre Dame so I hope to get in there. We also have a minor league baseball team so I'd like to get in there as well," Garrett said.

If he does find that first job near home, Garrett hopes to extend his stay in the nest.

"It'll keep me at home a couple more months. More finances I probably wouldn't be able to afford."

Watching his son earn his diploma provides dad with great satisfaction.

"This is what it's all about. It's fantastic to see him make this achievement. It's worth every penny. Worth every trip from four hours back and forth to Terre Haute. It's a wonderful day. It's all about him. We're happy to be here to celebrate with him."

Seventy five percent of students have debt upon graduating. The average amount of debt for ISU students following graduation is $24,000.

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