According to a study by Sallie Mae, students are increasing their use of credit cards to pay for books and tuition. An excerpt from a summary:
Nearly one-third (30 percent) put tuition on their credit card, an increase from 24 percent in 2004, when the study was last conducted. In total, 92 percent of undergraduate credit cardholders charged textbooks, school supplies, or other direct education expenses, up from 85 percent in the previous study. Students who used credit cards to pay for direct education expenses estimated charging $2,200, more than double 2004's average of $942.
Kelly Puente joined the Press-Telegram in 2006 as an editorial assistant and eventually worked her way up to general assignement reporter. Over the years, she’s covered everything from crime and breaking news to human interest and the cities of Bellflower and Cerritos. Kelly is a Long Beach resident and graduate of Cal State Long Beach. She’s new to the education beat and is looking for great stories.
Heroism on command, senseless violence, and all the loathsome nonsense that goes by the name of patriotism -- how passionately I hate them!
student credit card holders should learn how to manage their finances. They have to be more responsible with their spending habit to avoid debt problems in the future.