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U.S. Bank asks: Transitioning out of college life? What’s next?

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Scenes on a college campus. Georgian architecture, a clock tower, a central quad. The presenter addresses the camera. Text, U.S. Bank asks, Transitioning

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Hey, everyone. Allyson Berger here, and we're on a college campus giving students a free ride in a golf cart, in exchange for answering a few questions. So let's find someone who doesn't look like they're rushing to go to class.

So thanks so much for joining me in my golf cart. What year are you?

I'm a junior.

This is my first year. I'm a freshman.

You're a freshmen.

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Students ride around campus with Allyson in a golf cart.

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So how do you see your life changing after college?

Yikes.

A lot changes when you leave college.

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A moving truck full of boxes pulls up in front of a home. Bills fall from the sky.

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At the same time that your life is becoming more uncertain, you're also, suddenly handling loans, paying bills, managing credit, and dealing with the ups and downs of looking for a job.

See, I don't know. I'd like to save some money while I'm in college.

I want to go to medical school so I'd have to go to medical school. Be away from my parents. Take out loans, of course.

How much are your finances tied up with your parents' finances?

Well, actually, am living out here with my aunt and she's helping me through college.

Since I had a job for the summer time, I'm living off of the money that I had from my job.

Another very good thing you can consider doing for yourself is to establish a financial life as an independent.

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A child between two parents. A graduation cap appears on the child's head. They grow tall and the parents disappear

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I'm waiting tables right now so it's good for saving money.

Have you looked into any of your school's resources in how to manage student loans?

No, actually.

In terms of internships and scholarships, I did look towards the scholarship office. They're very helpful.

Oh, that's good.

And there's a lot of opportunities in there.

So do you know what an emergency fund is?

I have no idea what that is.

No.

When you do have a job, try setting aside a little money each month, as an emergency fund.

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Cartoon of an umbrella sheltering an ambulance and a bill from the pouring rain

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A buffer against surprise expenses.

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A phone with graphics of a bank balance

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Your bank's mobile banking app may have resources to help you deposit checks, pay bills, and monitor your balance wherever you find yourself.

Well, thanks so much, Maddie.

Thank you.

Good luck with everything.

Thank you. Have a nice day.

You're amazing.

Bye.

Well, that was fun. You know what we should go do? Let's go around asking people for their social security numbers? Well, on second thought, let's not. That would be wrong. Instead, let's share some tips on fraud protection. That would make a good video. I'm Allyson Berger, signing off.

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Allyson stands in the park. Text, U.S. Bank. 

U.S. Bank asks: Transitioning out of college life?

We ask students how they are preparing to leave college -- and what comes next.

Tags: Banking basics, Budgeting, Planning, Student
Published: May 09, 2018

This installment of our student series asks, What happens after college? There are big changes ahead, and it is important to be prepared. Learn more about preparing for you for life after being a student.


Need some help transitioning your finances out of college life? We’re ready when you need us. Make an appointment online today. Let’s plan for tomorrow together.