Money Mistakes College Students Make

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The No.1 money lesson college students MUST learn is this: Actions have consequences. Many students are maxing out those credit cards and racking up huge debt before graduation, and that can lead them to financial ruin if they aren't careful.

College, for many students, is a declaration of independence. For the first time, they are free to make choices without parents looking over their shoulders. While it can be exhilarating to have so much freedom, it can also spell disaster for many students who make mistakes when it comes to managing their money, leaving them drowning in debt. "In such an environment, money-management often becomes an issue," says Blythe Terrell, a …