For new graduates

New grad finances

The first few years after graduating set the pattern for everything after: how you repay student loans, whether you build credit or damage it, and what your first real paycheck actually does. This hub collects what SwitchWize has built for exactly that stretch.

Scoped to the specific financial decisions a new graduate actually faces: student loan repayment and refinancing, and building credit from nothing. Deliberately excludes general college-student content (in-school credit cards, loans while still enrolled) since that's a different moment than the one this hub is built for. Every article and calculator below is live-verified before publishing.

Starting Out Financially

The first moves that compound for decades: credit and your first real budget.

Repaying Student Loans

Which repayment plan fits your income, and what RAP vs IBR actually means.

Refinancing Student Loans

When refinancing makes sense, and which lenders are worth comparing.

Parent PLUS & Family Financing

For loans taken out by a parent, not the student.

Frequently asked questions

Which student loan repayment plan actually saves the most money?

It depends on your income and how much debt you have relative to it. Standard 10-year repayment minimizes total interest paid if you can afford the higher monthly payment. Income-driven plans lower the monthly payment and can lead to forgiveness after 20-25 years, but usually mean paying more interest over time. Run your real numbers through the Student Loan Payoff Calculator below rather than assuming one plan is universally better.

What's the difference between RAP and IBR?

RAP (Repayment Assistance Plan) is the newer repayment plan that new borrowers are being defaulted into; IBR (Income-Based Repayment) is the older income-driven option. They calculate payments differently and have different forgiveness timelines. If you were auto-enrolled and haven't actively chosen a plan, it's worth comparing both against your specific income and loan balance before assuming the default is right for you.

Should I refinance my student loans right after graduating?

Usually not immediately. Refinancing federal loans into a private loan means giving up income-driven repayment options and federal forgiveness programs, which matters most when your income is still low and unpredictable right after graduating. Refinancing tends to make more sense once your income has stabilized and you're confident you won't need federal protections like deferment or income-driven plans.

How do I start building credit with no credit history?

A secured credit card, becoming an authorized user on a parent's well-managed card, or a credit-builder loan are the three standard starting points. What matters most in the first year is paying on time every month and keeping utilization low, not which specific product you start with.

What happens if I default on my student loans?

Default can lead to wage garnishment, tax refund seizure, and damage to your credit that makes other borrowing harder for years. Garnishment on defaulted federal loans restarted in 2026 after a pandemic-era pause. If you're struggling to make payments, income-driven repayment or deferment are almost always better options than letting a loan go to default.