Credit card debt for college students affects many, many aspects of their college lives. The can’t pay their bills regularly and find
themselves short of cash. Plus, it can affect their ability to secure a student loan which can be crucial with ever-rising tuition rates. And
parents should beware of putting their college student on their own credit cars as an authorized user as the same debt can pile up under the parents’ names and cause some serious credit problems.

Armed with the right information, many students are able to establish credit and steer clear of card debt. Even though college students do carry credit card debt, 54 percent of college students pay off their credit card balances every month. Most tend to be responsible and use the card wisely.

Without a doubt things are heading south with the proposed budget cuts for education. The future looks bleak for the finances of college students.

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