Credit Cards and College Students

These statistics from USA Today show how heavily college students are burdened down with credit card debt while still in college.

If every college student wouldn’t buy on a card what they couldn’t pay off in full by the end of the month, then the challenge of paying school loans after they graduate would be manageable because: (1) they are not strapped with high interest rates from credit cards, and (2) they have learned to manage their money and live within their means.

We try to keep the credit card offers to students off our campus. It is the fastest way for the promising educational future to become derailed financially.