Monday, May 28, 2012
Online Highlights
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Credit Cards and College Kids
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 Over the next month, as 17 million college students flood the nation's campuses, they will be greeted by swarms of credit-card marketers. Frisbees, T-shirts, and even iPods will be used to entice students, and many will sign up. Some 75% of college students have credit cards now, up from 67% in 1998.
For a growing number of them, easy credit leads to trouble. Many don't understand the complexities of their contracts, spend beyond their means, and end up over their heads, with their debts growing at annual rates as fast as 32%.
In an exclusive series, BusinessWeek.com will examine the complex relationship between credit cards and college kids. Students tell their stories of struggling with overwhelming debts. Credit-card marketers explain how simple it is to get around the restrictions schools and states try to impose on companies. And leaders in Congress talk about their hopes for alleviating college-student debt. The series begins on Sept. 4, only on BusinessWeek.com.
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