As easy as it is for your credit score to drop, it’s that difficult to bring it back up again. Some of the factors that can make your score drop include; missed payments, increased credit utilization, closed old account, applied for new loan, and more.
When it comes to financial aid, there are billions of dollars available out there. You should constantly be researching scholarship and grant opportunities both before and while you’re in college. The best part is that this money doesn’t need to repaid, which saves you money after you graduate. Do your research and you might be surprised at how many options are out there.
While there’s some debt you can’t avoid in college, you can be smart about it.When using a credit card, select one that features a low interest rate. While you may not be able to get a ton of rewards, you'll be able to start building credit.
The less money you have coming in, the more important it becomes to budget. This is especially true when you’re a student. By knowing exactly where all of your money needs to go each month, you can maximize your spending and also learn a skill that will benefit the rest of your life.