When applying for student loans, its so important for prospective college students to calculate their finances as best they can to receive the appropriate funding. From tuition and books to room and board, living expenses and food, students should make sure to secure the funds they actually will need to get them through each semester at college.
By applying for the correct amount, students wont find themselves in a bind or get themselves into a credit card nightmare.
Way too many college students these days get into big trouble with credit cards. Its unfortunate that students too inexperienced to know better receive enticing credit card offers in the mail. Usually when a credit card offer looms over a student, its like dangling a carrot in front of a rabbit. The student grabs the credit card offer without thinking ahead. Credit cards oftentimes appear to be a quick fix or a type of free money, and they then become the remedy students think they need.
Student Loans versus Credit Cards
If anything, its the opposite. Like student loans, credit card debt must be paid back. Theres a huge difference though. Student loans usually are taken out with...