6. College Tuition
College tuition is expensive. In fact, it might outweigh the cost of living, depending on where you reside. If you’re a broke college student, it can be very convenient to use your credit card to pay that tuition bill. But think twice before you do. The best reason not to do this is because you might not be able to pay off your credit card before you have to start paying interest on it. Plus, many schools will tack on a convenience fee of 2 percent or even 3 percent for the “privilege” of paying your tuition with a credit card.
Bottom line: It’s not worth it. If you’re having trouble making your tuition payments on time, talk to your adviser or someone at the financial aid office at your school. They’ll fill you in on the types of low-interest student loans, grants, scholarships or work-study programs available to you to help pay your education costs.
