Five Money Mistakes College Students Make
Inappropriate spending of student Loan money
Student loan is to finance your education, and not for your other expenses. Student loan is for tuition, room rent, food, and for books are the smart ways to spend your student loan money. But, spending it for going out and treating your friends is not a good idea. Students feel that it would be easy to repay the loans back but what if you don't have a job. So think before you spend. Keep the student loan only for academic expenses and not for other purposes.
