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Media Relations
Kansas State University
9 Anderson Hall
Manhattan, KS 66506
785-532-6415
media@k-state.edu
Information provided by K-State Media Relations, K-State's news service, may be reproduced without permission. The marks and names of Kansas State University are protected trademarks and may not be used in any commercial or private endeavor without the approval of the university.

Source: Joyce Cantrell, Instructor of Personal Financial Planning

RADIO REPORT: Financial planning for new college graduates

1 Wrap
1 Actuality

You have selected a report on the importance of financial planning for new college graduates. The wrap and sound bite follow in 3,2,1…

WRAP 1: Developing a strong financial foundation is important for new college graduates
TIME: 59 Seconds

SUGGESTED INTRO: MANY COLLEGE STUDENTS USED TO BEING ON A TIGHT BUDGET MAY SUDDENLY FIND THEMSELVES WITH A LITTLE MORE MONEY TO SPEND ONCE THEY LAND THAT FIRST JOB AFTER GRADUATION. AN EXPERT IN PERSONAL FINANCIAL PLANNING AT K-STATE HAS SOME KEY ADVICE FOR NEW COLLEGE GRADUATES. LANICE THOMSON REPORTS.

DEVELOPING GOOD FINANCIAL HABITS IS SOUND ADVICE AT ANY AGE -- ESPECIALLY THOSE GRADUATES WHO ARE NEW TO THE WORKFORCE. JOYCE CANTRELL, INSTRUCTOR OF PERSONAL FINANCIAL PLANNING AT K-STATE SAYS AFTER LANDING THAT FIRST JOB, ITS VERY IMPORTANT NEW GRADUATES ESTABLISH A STRONG, FIRM FOUNDATION WITH THEIR MONEY...

(Cantrell :15 "That means they have spending under control, they have a plan for managing any debt they may have taken away from their college experience or whatever. They need to make sure that they live within their means. I think that's really the first basic step."

CANTRELL SAYS ONE OF THE MOST COMMON MISTAKES NEW GRADUATES MAKE IS FEELING THEY MUST PAY OFF THEIR STUDENT LOANS RIGHT AWAY...

(Cantrell :21 "Yes, it's a debt that's going to be extended over a long period of time, it's relatively inexpensive debt. So if they have a credit card balances, that's their first priority. Of course they have to meet their student loan payments, but don't pay more than what's required."

LANICE THOMSON, KANSAS STATE UNIVERSITY.