Avoiding student debt problems
By Gordon Powers, Sympatico / MSN Finance
New college students have a lot to learn about life on their own. Unfortunately, the majority of university newbies have had minimal experience dealing with money, which is why it's often a major source of stress for them. It’s hard to suddenly live on a set budget if you have never done so before.
As a result, many kids have problems managing their cash wisely and can end up spending much more money than they have and then borrowing unnecessarily – often without parents’ knowledge.