Friday, August 15, 2008

Students turn to credit cards to make ends meet

According to an article at freep.com, students are relying more and more on credit cards to make up for student loans that don't completely cover living expenses or tuition. 24% of college students are now using credit cards to help pay for tuition and the average college student will graduate with $2,400 in credit card debt if they don't have student loans. That number rises to $3,000 for students who are already taking out loans to help pay for tuition. You can read the complete article here.

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