If you are a college student, then you have the unfair advantage of time which is crucial for creating wealth. It is not the amount but the time up to which you can remain invested which makes all the difference. You also have risk taking capacity while you are a student which along with time makes a deadly combination for creating long term wealth.

Today, the cost of education, especially higher education has increased immensely. If you are taking admission in a premier institution of the country or going to study abroad, then the cost of education become unaffordable for many parents. In such scenarios, considering the education loan becomes unavoidable. Before taking the education loan, taking care of certain things is important.