Comments on: College Credit Cards With Rewards http://www.529rewards.com/529-credit-cards.php Wisely Using Credit to Help Make College Affordable Thu, 22 May 2008 13:59:23 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Cooper Jones http://www.529rewards.com/529-credit-cards.php/comment-page-1#comment-513 Cooper Jones Thu, 15 Feb 2007 20:12:56 +0000 http://www.529rewards.com/college-credit-cards-with-rewards.php#comment-513 There’s a very good chance your son or daughter will get a credit card as soon as they enter college. You may even encourage them to get one for emergencies or to build up a credit history. “Credit is something everybody needs,” says Ed Mierzwinski, consumer program director at the U.S. Public Interest Research Group. “But many young people are getting too much credit and are unable to handle it." According to Nellie Mae, a major provider of student loans, 76 percent of all college undergraduates started the 2004 school year with credit cards. The average outstanding balance on those cards was $2,169. There’s a very good chance your son or daughter will get a credit card as soon as they enter college. You may even encourage them to get one for emergencies or to build up a credit history.

“Credit is something everybody needs,” says Ed Mierzwinski, consumer program director at the U.S. Public Interest Research Group. “But many young people are getting too much credit and are unable to handle it.”

According to Nellie Mae, a major provider of student loans, 76 percent of all college undergraduates started the 2004 school year with credit cards. The average outstanding balance on those cards was $2,169.

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