College students must be careful with loans, finances

 Whether you are saving or borrowing money, you need to pay close attention to your interest rate, according to the Kentucky Higher Education Assistance Authority (KHEAA).

For savings accounts and other investments, look for the highest interest rate you can earn — but beware of opportunities that promise tremendous interest rates. Those all too often turn out to be scams in which you will lose your money. If it sounds too good to be true, it probably is.

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