Students who build credit while in college graduate with a head start on their personal finances during their young professional years. During college, many students have the benefit of a financial safety net in the form of their parents, which means that even if they do make a few personal finance mistakes, their parents can possibly help bail them out and guide them toward not making the same mistakes in the future.
You credit history and score will follow you throughout your life and play a role in whether you can get future loans or mortgages, whether you qualify for certain credit cards, how much you pay on some insurance premiums and even, in some cases, whether you're hired for a job.
Taking an opportunity to build your credit while still a student means that you can start your professional years with one less worry on your mind.
Learn more about 5 things young adults should know about credit.