For many, this transition can reveal a gap in basic life skills knowledge, from laundry and cleaning to financial literacy and money management. To make this transition easier for kids, College Ave, a private student loan company, shares a few simple life skills parents can teach their children this summer to start them on the path to independence. If the child plans to borrow student loans for college, parents should make sure their child understands how student loans work. Personal Health ManagementWhen kids enter college, it can be difficult to manage their health independently and without their parents’ assistance. Time Management and OrganizationFor many students, college is the first time they need to juggle multiple responsibilities.