Too often kids head off to college and take out the maximum amount they are eligible for in student loans, rent a nice apartment, and have fun going out with friends with little regard to the amount of money they spend. They may rationalize that they will only be college students once, and now is the time to have fun. However, that fun can rapidly come to a halt when they attend the financial aid exit seminar before graduation and realize just how much those student loans will affect their lives once they graduate.
If you have high school students and haven’t taught them financial lessons pertaining to college, now is the time to sit them down for a discussion. (Even if you have been teaching them financial lessons all along, reviewing what they know is a good idea.) Here are some topics you may want to tackle with them:
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