Each year, college tuition costs continue to rise. In addition, the competition for limited scholarship funds become tighter and tighter as millions of high school graduates decide to attend college. The result? More and more students are taking out student loans. South Carolina Student Loan Corporation In today’s competitive and expensive world of higher education, student loans have become a necessity. When students get out of college, many of them enter the real world already deep in debt. If any good can be derived from it all, it is that students can derive valuable financial lessons from the student loan process in their post-graduate years.  As of 2005, four years of in-state college tuition has an average cost of $41,000. Out-of-state tuition is between $60,000 and…