Graduating From College
After you've graduated from college, and now that you have your first job, you're going to have to do the inevitable - repay your student loans. Many people who are in their first year of career mode are scared because they're not sure of the "who, what, when and where" of the loan system.
Don't worry. OUCU has many options to help you through this stressful transition period.
Be sure to check out our 'life after college' specials for graduating college students.
Shared Branching
Just because you might be moving to a new city doesn't mean you have to move your finances. With the Shared Branching network, a fast-growing national and international network of credit unions, you can use their branches to conduct basic teller transactions at more than 4,000 credit union locations nationwide.
BALANCE
As a benefit of OUCU membership, you have access to the BALANCE Financial Fitness Program. It offers free, comprehensive budget and debt counseling that often times can be accomplished over the phone. BALANCE is available Monday through Thursday, 8:00 a.m. to 11:00 p.m. (EST), Friday, 8:00 a.m. to 8:00 p.m. and Saturday, 11:00 a.m. to 8:00 p.m. Call BALANCE toll-free 888-456-2227 or visit balancepro.net.
BALANCE also offers this great self-study unit which will teach you about your loans and how to go about student loan repayment.
Basic Savings
OUCU offers a number of individual and joint savings accounts to help you save money.
Unsecured Loans
Because graduating from college is more than simply getting a job and relocating, OUCU offers loans to help you cover rent deposits, moving costs, furniture or even a fresh, professional wardrobe for your new job.
Investment Services
Begin saving for the future by talking to an OUCU financial advisor today. Getting started early is the key to growing your savings! OUCU Financial Services offers a variety of investment and insurance solutions that complement the savings programs offered by the Credit Union.
Three Student Loan Repayment Tips
Here are few tips from a college financial aid counselor
- Obtain loan information. Retrieve loan amounts and interest rates from all of your lenders. Most schools will provide you with this information during your exit interviews.
- Know your options. Be aware of all of the loan repayments that are available to you, such as loan consolidation, standard repayment and graduated repayment.
- Stay on time. If you cannot make a payment for whatever reason, contact your lender. No one wins in a default situation. Forbearance options, in which the lender agrees to extend your payment schedule to avoid a default situation, should be available as well.
Helpful Calculators
