Ways for College Students to Leave School with Awesome Credit
1.Never Pay Your Tuition With a Credit Card
Funding for school is expensive and outside of scholarships or grants there is no way around that. Many students turn to the government or loan agencies to pay these fees. Although when the numbers stack up it seems that you're in world of debt, the reality of the matter is education lenders are here to help you while the banks are not. Some students turn to credit cards to pay their tuition and THIS IS A MISTAKE! The first reason that this is a bad move is that student loans have a very low interest rates in comparison to credit lenders. In addition to that, credit is not tax deductible or deferrable. Your student loan payment is based off of your income and can be very low or put on hold until you are in a better financial position. It is important to pay your loans on time or make sure they are deferred in writing.