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3 Deadly Mistakes Students Make When Taking Out Loans

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Jason Spencer points out 3 common and deadly mistakes students make when taking out loans for college.

Published in: Economy & Finance
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3 Deadly Mistakes Students Make When Taking Out Loans

  1. 1. FOR MANY BRIGHT-EYED FRESHMEN, STUDENT LOANS ARE A MEANS TO AN END. IN THOSE FIRST FEW YEARS OF SCHOOL, IT CAN BE TOO EASY TO VIEW LOAN AMOUNTS AS FORGETTABLE NUMBERS ON A PAGE, RATHER THAN VERY REAL DOLLAR AMOUNTS.
  2. 2. THE NUMBERS ARE SOBERING.
  3. 3. With debts on the rise, students today can’t afford to be careless when taking out loans. Read on for a few deadly mistakes that potential borrowers should avoid when considering their payment options for college.
  4. 4. Taking out loans to pay for school can be a dangerous necessity - so make sure that you have your accounts in order! Figure out how much you can afford to owe, and be responsible about paying it back.

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