Disadvantages: Criminals take advantage of college students' poor social cognitive ability and psychological fragility to carry out short-term and micro-loan activities. On the surface, this kind of loan is small profits but quick turnover, but in fact, criminals get 20-30 times the bank's interest rate and make students' money at will.

Campus loans will breed students' bad habit of borrowing money. The financial source of college students mainly depends on the living expenses provided by their parents. If students have the psychology of keeping up with the joneses and have bad habits at ordinary times, then the expenses provided by parents are definitely not enough to meet their needs. Therefore, these students may turn to campus usury to obtain funds, which may lead to gambling, alcoholism and other bad hobbies, and may seriously skip classes and drop out of school because they are unable to repay.

Extended data:

Precautions:

Reasonable selection of loan amount and term. The loan amount needs to be determined according to your own economic situation, and you need to consider your own economic repayment ability to avoid excessive repayment amount and excessive pressure. Generally speaking, the loan term means that the interest will increase with the increase of loan time, so try to choose a loan with time and interest within your repayment ability according to the situation.

Pay back the money rationally. In the case of being able to repay each loan, it is best to use the remaining funds for other aspects of investment, so as to obtain the maximum income.

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