| It's no big surprise that major credit card | | | | Most "Student" credit cards come with a |
| companies are aiming their marketing campaigns | | | | ridiculously high APR and crippling late fee charges, |
| towards our countries up and coming generation. | | | | which in most cases, cause the APR to soar even |
| To credit card companies, no consumer is more | | | | higher!This may seem a little redundant and |
| profitable than today's college students.Students | | | | obvious to you and I, but to students the phrases |
| are big business to them, and for good reasons. | | | | "APR", "late fees" and "interest rates" aren't an |
| Why? Simple, teens like to spend money they | | | | established part of their vocabulary yet. This is |
| don't have! Were you poor when you left the | | | | where things get sticky. The statistics don't lie, |
| house and took your first shot at the big | | | | and research has it that nearly 11 percent of |
| University? Yeah, so was I. In fact the majority | | | | people who seek credit counseling are under the |
| of today's college students live off of loans and a | | | | age of 24. According to Colorado Public Interest |
| minimum wage job, leaving them very little to | | | | Research Group, 49 percent of Colorado's college |
| spend on merchandise. This is where the credit | | | | students have more than one credit card, which is |
| card companies make their killing. Instead of | | | | higher than the national average of 37%!The |
| saving up for that cute pink shirt on the clearance | | | | solution should be obvious. Students should be |
| rack, or that shiny new watch, students can | | | | taught about credit and debt management. In |
| charge it to the new "low" APR student card they | | | | fact, most students don't even know that free |
| just received in the mail. In fact, by opening up | | | | nonprofit credit counseling agencies are at their |
| credit card booths Nationwide, credit card | | | | disposal, nationwide. Counseling can help make |
| companies are making it easier than ever for | | | | budgets or stop students from sinking further in |
| students to get their feet wet.So in answer to | | | | debt. They also re-teach young students the |
| the topic question: yes, students are most | | | | "value" of the dollar bill, a concept slowly |
| definitely getting in over their head when it comes | | | | diminishing in our day and age. It's obvious credit |
| to credit and debt management. If your part of | | | | card companies care very little about this. The |
| the younger generation you may recall getting | | | | more we don't know, the more they make.Adam |
| your very first shiny gold/platinum card in the | | | | Boulton is currently enrolled as a full-time student |
| mail. Do you remember skipping all the fine print | | | | and has seen first hand the damages student |
| mumbo jumbo? Well, most students today are in | | | | credit cards can cause. If you would like more |
| the same boat. The only thing we cared about is | | | | info about the pros and cons of student credit |
| that little line at the bottom that tells us how | | | | cards please visit his website at |
| much we can spend: our line of credit. The fact is, | | | | StudentResourceCenter. |