Information on managing debt acquired by St. John's University graduate students is provided. The cost of education for a graduate student includes tuition, fees, books, home maintenance, personal expenses, and transportation. Student budgets for 1984-1985 and 1985-1986 (estimated) are provided by students' dependency status (dependent 9 months, 9-month residency/dependent, and 12-month residency/independent). Financial counseling services offered to first-year students and to second- and third-year students are described. Loan deferments for full- and part-time graduate students are also discussed. Kinds of investments that students might make with part of their income are identified. Information is provided on acceptable levels of indebtedness based on entry-level salary levels for various professional positions. Additional data are presented on: living expenses (e.g., transportation, rent); student loan repayment for different interest rates; and taxes students will have to pay. Sample budgets for unmarried/married graduates are provided that cover: living at home/no car, living in own apartment/no car, living at home/used car, and living at home/new car. Agendas of seminars on financial planning and debt management are appended. (SW)