Colleges and Credit Cards

20 May

I remember being shocked last year, when I saw a college freshman’s student ID card was also a credit card- a regular Visa card that could be used anywhere, not just on campus. So I wasn’t too surprised by this thread about student loan money being given out on a credit card.

Colleges, especially state colleges, keep having their budgets cut, so they’re looking for money from everywhere, including credit card companies.

Do I think this is good for teenagers getting their first taste of freedom, not really, but the solution isn’t yelling at colleges, its teaching teenagers about credit.

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Posted by on May 20, 2011 in Finances, School


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