Did you have credit card problem? Know how to settle it and how to cut it easily? Nothing easily unless you know how to do that. If you don’t know, its seems impossible right?
The average combined credit card debt for undergraduates is now over $2,000. So it seems like most researchers agree that student debt is a serious problem. It’s easy for some to blame the credit card companies and their marketing gimmicks but that’s really too simple of an answer.
For starters, 62% of incoming freshmen already had access to a credit card and 51% of them had some type of debt before ever setting foot on a college campus, according to a recent study by Oklahoma State University. That tells me that parents and high schools aren’t doing a good enough job of teaching basic money management skills. The debt problem just gets worse the older the student gets.
So how can we fix this problem? More education would be the popular answer. But who will provide this education? While the parents, high schools, credit card issuers, financial counselors and universities debate that issue out then I think it’s up to each individual student to educate him or herself about credit management.
By learning about issues like credit scores, credit reports, interest rates, etc., you’ll be able to make informed decisions about credit use and avoiding debt. Read magazines like Young Money, take a personal finance class and find someone who can give you smart financial advice. You’re going to need this type of knowledge all your life so why not start learning it now?
Credit to Daniel
I also provide 2 links that will help you to learn more about student debt and finance issue.
1. Ten Practical Steps for Paying Off Credit Card Debt
2. Student Debt and Loan Debt
Popularity: 1% [?]
Sphere: Related Content
Related Posts
« Open Case: Buat Duit dengan LinkWorth | Setahun bersama Titan dan Earncent.com »
