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Organization aims to decrease student debt

For many students, college life makes for a frugal existence. Without having extra cash on hand, it's easy for students to turn to credit cards. And credit cards can lead to debt, or even more debt, if they have student loans that will need to be paid off upon graduation. It is estimated that students are saddled with an average of $2,000-$4,000 in credit card debt.

The Kansas City Star reports that one consumer group, U.S. PIRG, wants to take steps to lessen credit card temptations. The U.S. PIRG suggests banning credit card companies from distributing give-aways on campus grounds. Further, it wants to limit lenders' access to students' names. For more information about the U.S. PIRGs project, visit its site.

Also, check out our Student Consumer Guide for tips on preventing debt and other related issues that young adults face as they prepare for college.

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Posted by Katie on October 15, 2007 1:58 pm :: Comments (0) :: Permalink

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