Credit cards back on campus
The Wall Street Journal reports credit card offers are back on campus due to loop-holes. Here’s an example. The CARD Act prohibited issuers from giving out “tangible items.” Instead they offer online coupons or credits to an account. They report Citibank sometimes offers a $50 statement credit. That’s a lot better than a frisbees and t-shirts.
Read the full Wall Street Journal story here.
Student loan debt will top credit card debt in 2011
In 2011 it is projected student debt will exceed 1 trillion dollars. According to Rich Williams, of PIRG, this is the second year in a show student debt will top credit card debt in the U.S.
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The latest news about student debt. Find out the issues facings students and graduates when it comes to dealing with student debt. You can get help with your student loan debt, credit cards, private student loans and federal student loans. Options include a student loan consolidation, forbearance, change in payment plan, or a temporary deferment.
Learn how the student debt crisis can affect the U.S. economy.