It is understandable to overdraw something in advance, but if it exceeds your repayment ability, or even at the expense of quality of life, it will not be worth the candle. In fact, some online lending platforms are attracted by the implicit guarantee of students' parents. If the money borrowed by the child is unable to repay, and it may also affect the child's credit or student status, most parents will choose to repay it.

The main harm of college students' online loan

The low threshold of online loan consumption seriously affects students' studies and provides a platform for college students to spend in advance and luxury, but many people spend irrationally, which leads to students' heavy debts. College students' energy comes from their parents. Most students choose part-time jobs in order to pay back, and some often skip classes.

Some even choose not to attend classes directly under the pressure of repayment, which seriously affects students' study. At present, it is difficult to eliminate the way for online lending platforms to enter the campus, and students do not have enough discrimination. Once the student loan fails, the loan company threatens to make trouble at school and harass the counselor by phone, which leads to the students with poor psychological endurance choosing to escape or even dropping out of school directly.