- $1,879 amount of credit card debt the average college student had in the heady days of 1998
- $3,173 amount of credit card debt the average college student had in 2008, which is a huge increase source
- » So, what changes? A law that takes effect Monday will regulate the credit industry at large, but with the largest effect on adults under 21. They won’t be able to get credit without a parent’s signature and proof of other assets. The new policy will help limit high amounts of debt for college students, but may also hurt them, as many often use the credit to pay for necessities.
Posted by Ernie Smith •
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