New Credit Card Rules For College Students
In the past, students were besieged with credit card offers a few years before graduation. The cards proved too tempting to most college students who weren’t informed enough to use them responsibly, leading to a significant debt burden upon graduation. Whether that situation was a problem of poor financial management on the part of the student or aggressive credit card tactics that targeted a vulnerable demographic, changes have now been made. While much of what is happening is good news, other people fear it can lead to an increase in other types of loans amongst college aged students, most notably payday loans.
In the past, students were besieged with credit card offers a few years before graduation. The cards proved too tempting to most college students who weren’t informed enough to use them responsibly, leading to a significant debt burden upon graduation. Whether that situation was a problem of poor financial management on the part of the student or aggressive credit card tactics that targeted a vulnerable demographic, changes have now been made. While much of what is happening is good news, other people fear it can lead to an increase in other types of loans amongst college aged students, most notably payday loans.
That’s a question that many new college students are beginning to ask themselves. In this recession, the horror stories of graduates going into the worst job market in decades armed with a degree that cost them $30,000 or more in debt, have made some college students reassess decisions for college. Too expensive options are frequently being put aside for more reasonable choices: community colleges, in-state colleges, and foregoing the on-campus experience. A college degree may be more of a necessity than ever, but the debt that goes along with it can easily be done without.
Student loan statistics
Graduating from college is supposed to be one of the most hopeful times in a person’s life. Upon receiving a degree, the world is supposed to become your oyster and the job market is supposed to be a vast field from which you can choose the job that you like the most. For the roughly 1.5 million people graduating in 2009, however, the prospect is a bit different. While the dream scenario has been true for many graduating classes, 2009 college graduates find themselves entering the 



