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College student budget: Should you splurge on the Apple iPhone 5?

On Friday, September 21, 2012, the Apple iPhone 5 was unleashed. With it came a slew of college students flocking to retailers in hopes of getting their hands on the newest technology. Some had been waiting in line since Thursday. Others were disappointed to find sold-out stores. One student, a senior at Tufts University in Massachusetts, was not only able to get his hands on the new iPhone, he was also able to sell his spot in line for $460 as reported by the Tufts Daily. But what is so monumental about the newest iPhone? What does it have that the other iPhones don’t? Most importantly, is it worth dropping hundreds of dollars on this device? Read more