My Impact
How today's economic news affects you personally
My Financial Profile
Expected student loans$28,000
Current part-time wage$16.50/hr
Target city after graduationOrange County, CA
Intended majorBusiness / Marketing
Expected starting salary~$52,000/yr
How today's drop affects me
at 2.4% — your $200/mo savings loses $4.80 in real value each month
Put savings in a account (currently ~4.8% ) to outpace .
Fed rate held — your $28K loan costs $295/month at current rates over 10 years
If rates rise 1% before you graduate, that becomes $310/month — $1,800 more over the loan's life.
OC rent at $2,100 on a $52K salary — rent takes 48% of your
Advisors recommend max 30%. Consider nearby cities: Anaheim and Fullerton average $1,750 for a studio.
Tight job market — business majors compete in a tough entry-level environment
Apply for internships 6+ months early. Target healthcare, logistics, and government — growing despite tech layoffs.