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					       In “Credit Card Debt among College Students: Just What Does It Cost?,” Robyn Sylves

argues that credit card debt is possibly the most significant problem on college campuses today.

She cites three main causes: universities guilty of making deals with credit card companies for

student information; students’ financial illiteracy; and the need for “instant gratification” (508).

Sylves offers recent statistics on the amount of debt college students are accumulating in four

years’ time (sometimes up to $20,000). She believes that education is the key to solving this

problem: college students must understand how poor choices can damage their financial

reputations for years.

				
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posted:4/24/2012
language:English
pages:1