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.
Credit card companies still target college students – despite new laws
The Washington Post reports that despite new credit cards laws of 2009 college students are still being targeted. From a survey of 300 students by Professor Jim Hawkins at the University of Houston Law Center.
- 76% of 300 undergraduates received preapproved credit card offers last year.
- 2/3 of freshmen noticed credit card marketing on campus.
Read the full story about students being targeted by credit card lenders.
Frontline’s New Invesgitations on Credit Card Industr’
Frontline is releasing a new report on the Banks, Credit and The American Consumer. Some of the top authorities on consumer spending agreeded to be a part of this. Watch it on PBS or Online November 24, 2009 at 9pm. They will be investigating the history of credit card industry and proposals for reform.
Spread the words to friends, family, and co-workers.
via DemocracyNow.org – “The Card Game“
Bill to Limit Student Credit Cards
Sen. John Nutting, D-Leeds, has heard many times. To prevent such problems in the future, Nutting has introduced a bill that would require anyone younger than 21 to get permission from a parent or guardian to get a credit card. Without their parents’ knowledge, students sign up for credit cards through the many offers made at colleges, Nutting said. Unschooled in financial matters, the students can quickly rack up sizable debts.
Read more about bill to limit college credit cards
“Instant Approval” when Students Do Not Meet the Credit Critical
Everyone knows that smoking is cool. Oh, especially when actors do it on TV. It just looks so sexy, so sophisticated—it’s hard to imagine these suave characters hacking up blood as their lungs cave in.
Sure enough, though, long-term smoking kills. And the best way to get addicted is by starting young. Read more
Increase in Credit Card Offerings to Students
There’s something special about getting mail, tearing open the envelope and pulling out the letter—you just can’t help but get excited.
Credit card companies can’t help it either. They send out letters all the time. Every six weeks, in fact, the average college student gets five credit card offers in the mail. Read more
-
Recently Written
- Obama Student Loan Relief Act 2011
- 10 Things Student Loan Companies Won’t Say
- Credit cards back on campus
- Student loan debt will top credit card debt in 2011
- Ohio Denies Law License for Grad with $170,000 in Student Loans
- Credit card companies still target college students – despite new laws
- Student debt crisis threatens US economy according to International Business Times
- Report: Colleges That Leave Graduates With The Most Debt
- Changes to Private Student Loans & Bankruptcy Law
- Student Debt Increasing Record Rates Due to Recession
-
Categories
-
Resource Links
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.