Some students are lucky enough to receive full scholarships that cover all expenses for four years of college if they maintain a specific grade point average. For others, financial aid only covers a fraction of the cost. According to The Project on Student Debt, 2009 college graduates left their universities with an average of $24,000 in student loan debt. This figure seems crippling for some individuals, and the amount of debt can be reduced substantially by graduating early.
Most colleges and universities conduct commencement during the month of May. When May and early June rolls around, employers expect their in-boxes to flood with countless applications and resumes from recent, job-hungry college graduates. Because of the substantial number of applications received, the likelihood you will be placed for the job decreases. As an early graduate, you may obtain your degree in December -- a time when not as many college seniors seek post-graduate employment. Employers may have an immediate need for a position, which gives you the advantage over your fellow classmates because you have already obtained your degree and can work immediately.
Although people attend college to obtain a college degree, the desire to live out the college experience cannot be denied. Graduating early forces you to extract all of the erudition from every class as you possibly can and to live life as if there is no tomorrow with your close friends. Just like any college student, you want to leave your university knowing you had a satisfying and fulfilling college experience. Less time urges you to create more memorable experiences during those remaining months.
The transition from college to the work world can be rough. You might be seeking a position whose industry only flourishes in a particular city, which means you must relocate. Your relocation city might seem like a complete 180 from your hometown, which can induce feelings of anxiety. The extra months you receive from graduating early gives you some time to adjust. By the time May rolls around, you will feel more accustomed to your new life.
Chances are you will not receive a month-long vacation perk within the first year of employment. Use the time to travel, especially if you did not study abroad in college. Visit new places, meet new friends and network. Networking can lead to future employment and unexpected job growth.