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