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College students represent a new push for credit card companies. An amazing 84 percent of students carried at least one credit card in the most recent study of undergraduate card use, and half of college students had four or more cards.39 Credit cards are a factor when students graduate with an average of $27,000 in loan debt. Because they can’t buy cars, rent homes, or purchase insurance, graduates with big credit debt see a bleak future for themselves. A local newspaper plans to run a self-help story about college students and credit cards. The editor asks you, a young part-time reporter, to prepare a memo with information that could be turned into an article. The article would focus on parents of students who are about to leave for college. What can parents do to help students avoid sinking deeply into credit card debt?
Your Task: Is to:
locate information about student credit card options (not the standard credit cards) - [next bullet]
discuss shared credit cards and other similar options that you find
you should be informative and discuss the facts
NOT make recommendations or conclusions
Note: be sure to include references to the research sites that you use to complete this Activity.
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