Credit Cards and College Students

  Credit card companies are now targeting our college students.   Colleges today are showing a heavier flow of plastic than books.   Step on campus and one hits at least five or more booths with t-shirts, book bags, key chains, phone covers, etc. with different bank logos before they can even see the bookstore or the enrollment office.   The enticement of these trinkets holds a hidden darkness called “credit card debt”.   Is it fair to add this to a student’s worries and what are the repercussions?

     Credit card companies prey upon young freshmen as potential clients due to the inadequacy of the knowledge of the knowledge of what entails with a credit card.   College students tend to apply for as many cards that will be given.   There’s still the thought of more is better.   As their first form of independence as an adult, they feel that they shouldn’t ask for advice.   This is sometimes what the credit card companies rely on.   When a student realizes that his or her grants, money from others, etc. will not cover the high cost of tuition and supplies, they will feel as if they needs to survive while attending school.   He knows he can’t get a job if he wants to study adequately. Credit card companies also target students to make a quick dollar, landing them in future debt.College students have limited sources of income, so they have no business over spending what they have not worked for.  College students are considered financially at risk (FAR) students, these are students who have difficulty making their credit card payments. One of several plans I will suggest to all universities is to obtain some type of credit card program or have their own credit that help the institution and the students with their own programs, offers, rewards, and policies with options like to be automatically deducted from their balance account preventing the student from spending the money. If the college can offer a credit card service with a two percent of interest that will...