Adive Every College Student Should Know: Loans Due to high costs, many will need to take out student loans to have through college and university. Nevertheless, these loans shouldn't be dealt with before you are aware of the perks and pitfalls of those. This information may help you make wise decisions for your personal financial and educational future. Keep in touch with the lender. Improve your address, telephone number or email address once they change which sometimes happens quite frequently in your college days. Will not neglect any bit of correspondence your lender sends to you, if it comes with the mail or electronically. Take all actions needed as quickly as possible. Overlooking things can turn out to be extremely expensive. Do not overlook private resources for funds for college.