How College Experience Builds Character and Personality

How does the college experience in the USA build character and form your personality to be capable of confronting life?

Is there more to what one gets out of attending college than the classroom experience? What does it mean to get the most out of your college experience? What acquired extracurricular skills can help you in further life? What about cooperative skills, time management, or foreign awareness? How can college help you to grow your talent?