"Some [students] may be applying for loans in the 17- to 18-year-old age range, with nary a chance yet to feel the responsibility of managing bills or focusing on the challenges of maintaining a household budget. This can cause great hardship years later when they realize how difficult it can be to uphold agreements to meet significant monthly payments; in fact, the average amount due on a 30-day basis for younger borrowers is over $350!"
Read the entire article on the official Fitzgerald & Campbell, APLC blog.
