Summary
The article provides financial advice for college students to help them manage their money responsibly. It offers tips on budgeting, managing student loans, and using credit cards wisely. Key suggestions include borrowing only as much as you can afford to repay and discussing financial concerns openly.
Key Facts
- College students are often responsible for their own finances for the first time.
- Students should aim not to borrow more in student loans than their expected starting salary after graduation.
- Sharing financial concerns with peers, known as "loud budgeting," can help find creative solutions.
- Students should compare credit card offers to find the best interest rates and terms.
- It's important to pay off credit card balances monthly to avoid accumulating debt.
- Credit card interest rates are typically higher than student loan rates, often above 20%.
- If struggling with credit card payments, students can contact their card company for assistance.
