College Student Loan News and Info

When talking about Students and Credit Cards, the two-mixed together seems like a dangerous situation, right.  Well, there really are valid reasons for a student to have a credit card. 

The norm at this point of there lives is to start there credit history.  This would be a great tool to start it with.  You obtain a credit card during your higher education years and start that great credit history.  You may need to get a co-signer, but when starting out most people do. 

Student credit cards can help both high school and college students build up their credit history.  Compare the best student credit cards for students.  Many companies out there actually seek the college student.  Do your research and check out all the competition.  Check interest rates and see what will best suit your financial needs.

Credit companies advertising to the vulnerabilities of young students is not the only issue at hand.  Most students simply have not received the education in personal fiancés and credit card management that they need to meet the on slaughter of offers.  According to Consolidated Credit Counseling Services, Inc, only 15% of high school students have taken a personal finance class.

According to a recent pole done by a non-profit organization which promotes financial literacy at the K-12 level, parents for a variety of reasons are not talking to their children about the privilege and responsibility that goes along with using a student credit card.

Therefore, if you are one of those parents that have not talked to your high school or college age student about finances, it is never too late.  Talk to them, answer there questions.  My parents let me handle there finances for a 6 month period when I was 16 years old.  What a revelation.

This entry was posted on Monday, January 14th, 2008 at 2:29 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.