You can get loans through government-sponsored programs both subsidized and unsubsidized. Additionally, you can borrow a lot through private companies. These loans come with higher interest rates and fees. You need to realize that you have to pay back every penny you borrow. Additionally, you will have to pay interest on that money. This will limit what you can do with your money in the future. It is important to carefully monitor your college spending and to avoid these five common college financial mistakes. Here are five ways to limit the amount you spend while in college. You should look at your college housing options and choose the most affordable when it comes to living on- or off-campus. You can work to reduce the amount you spend on living expenses each month. Avoid signing up for monthly contractual obligations that require you to pay a fee to cancel like gym memberships or cable channels.
