Should College Students Have Free Lunches

Quite often representatives from Student Loan Corporation will come around and visit college campuses and give seminars. They offer free lunch to students and give seminars on budgeting, financial aid, and other money topics. When I heard news that one would becoming to my college campus, I decided to go just to see what kind of information they were pitching to college students. I went and enjoyed the free lunch, but that's about the only part of the presentation that I enjoyed. They gave out several pieces of bad information that college students should not follow. Their first mistake was telling students to save part of their loan money and put it into a savings account. Their logic was that doing this will help you build your savings! …show more content…
Parents around the world put great stress on giving their children best possible education and for this purpose they are willing to go to any length. However, problems are faced by those who wish to get good education but do not have enough finances. The fact is that you do not only need cash for your tuition fees rather you need money for lodging, eating, buying books, and other study materials. The only way out of this situation is getting hand on enough cash that would last them through their educational life and this can only be done by getting a loan. Unfortunately, by the time most students complete their education they are so deep in debts of loan lenders that it takes then years to pay off their loans along with the interest rates. Keeping track of these loans and interest rates is a tedious task and difficult to manage but students can save themselves lots of trouble by opting for Student Loan Consolidation. This loan allows the students to combine all their loans and their elements into one single loan. Thus they do not need to pay different lenders instead they need to pay only one lender who will manage the payment to different lenders on your behalf. This further reduces the risk of debt default for the borrower. Many students also use this system to improve their credit rating which can prove to be beneficial in many regards. You can easily get student loan consolidation from any lending agency. There are numerous packages offered by these lending agencies giving you the freedom to choose a student loan consolidation package that best suits your need. Another advantage of this consolidation is that it helps you in managing your interest rates in much better way. Interest rates have great financial impact on anyone and even a small percentage of interest rates make up a large part of the loan that is to be repaid. Therefore when you are looking for the perfect lender agency for your