However, many collegians are looking for ways to defer not only tuition costs but also everyday expenses. Innumerable first-year students have found plastic cards a way of easily acquiring items such as DVDs and CDs. Students need to learn to live within their budget. Calif. Hunt advises students to flee the temptation of putting tuition payments on credit cards. Hunt says it's a fallacy to presume that debt will quickly be paid off upon graduation.
Many students start raising a family and take on a mortgage soon after college.
Some have to decrease their class load and increase their work schedule, which can cause a drop in grades. Some drop out entirely to pay off debts.