It has been wisely noted that money rarely goes to those who
need it most, but rather it winds up in the hands of those
individuals who best understand the process of acquiring it. One
important adjustment for students going to college is taking
control of their finances. Students are often ill prepared for
this responsibility and benefit greatly from learning the basics
of money management and personal finances. Amid the recent
recession, colleges are paying greater attention to their bottom
lines, and so should you. Think about it. If you don’t
understand how the bills get paid, who will? Your parents?
Maybe. But someday your parents might even need your help.
Ultimately you will need to take control of your money. Trust
me, the institutions where you enroll will not ask if you can
afford to pay back your debt. Around this time of year, many
lenders send mailings that offer ways to finance an education.
Too often families go with lenders who will underwrite big loans
without any idea of whether their child