The average college student is physically and emotionally overburdened with student debt – 70% of them are seriously stressed about their personal finance situation and 60% worry if they’ll ever have enough money. They’re so worried, that they land up ignoring their studies and, worse, like ostriches, push their heads into the sand, and splurge loan funds on trivial personal expenses!
This infographic explores the perilous position students are putting themselves into by not being conscious or concerned about managing funds, and how to develop a fiscal discipline to stay out of loan trouble.
How Student Loan Borrowers Are Spending Their Money:
Infographic by – Student Loan Hero