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
Organization Fighting for Justice for Students
There is an organization that is fighting hard to deal with the backwards laws regarding student loans. Today on a radio program I heard there founder speak and learned that debt collection laws do NOT apply to student loans. Learn more about their organization StudentLoanJustice.org
Student Debt – A Life Sentence
CNNMoney.com reports on how the large amount of debt students are now graduating is diverting careers,marriage and buying a home. Read more
“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
College Students & Credit
If you are college student, there’s a good chance you are in debt with a credit card. Don’t worry, though: by the time you graduate, it will be worse. In fact, the longer you stay in college, the better the chances of digging your financial hole deeper. Read more
Learn about rising student debt and practical solutions to this problem. There are several causes of student debt from loans to student credit cards. Each year we cover the average student loan debt including the latest statistics for 2008, 2009, and 2010.
There are things to get student debt relief including student loan consolidations, modification, deferment, and forbearance. All options should be explored to avoid a lifetime of student debt.
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Recently Written
- Obama Student Loan Relief Act 2011
- 10 Things Student Loan Companies Won’t Say
- Credit cards back on campus
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- 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
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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.