STUDENT Credit BLOG
Discover Student Monogram credit card      
Young scholars looking to build their credit have a stylish option in the form of the Discover Student Monogram Card. This student credit card from Discover Card not only offers great features, but also lets students express themselves through the card's personalized design. With the Onyx color choice, the student's first and last initials will be featured on the card front in stylist type. Meanwhile, the festive Key Lime and Flamingo color options feature the cardholder's first initial in a cool script.
 
Diploma does not erase credit card debt      
Young people can graduate college with all sorts of expenses, not least of which is credit card debt. With credit card issuers targeting students aggressively over the past decade, frequently offering attractive teaser interest rates beginning when they first arrive on campus, students may often find themselves proudly carrying their very own plastic. Young people who are in school are in a unique position, since being a student offers the opportunity to qualify for a credit card without having a job. College may be the only time in a person's life they can get approved for a card while not employed
 
Cash allowances best for kids      
While your kids may be growing up in a world that is very different from when you were a youngster, there is one financial trend that continues to hang on: the allowance. The amount of kids who get an allowance varies depending on what data you consider. Market research firm Yankelovich Partners found that about 58 percent of American children receive a regular allowance, although other studies put that number closer to one-third of kids.
 
Parents should play a role in students' credit card selection      
While college-age children may feel that they no longer need input from their parents, the reality is that many kids can still use some help when it comes to credit cards. Data showing that students too often rack up sizable credit card debt in no way makes them unique, since U.S. credit card illiteracy is a problem across age groups and income brackets. But since experts stress that the best way to control debt is to avoid it, college students are at an advantage.
 
Visa offers free credit scores to college students      
To get "Financial Literacy Month" for April 2007 rolling, Visa provided 5,000 free FICO credit scores to college students through its whatsmyscore.org website. College students had the opportunity to receive 5,000 free credit scores on a first-come, first-served basis courtesy of Fair Isaac Corp. Fair Isaac produces the most widely used credit score in the U.S., known as a FICO score.
 
Financial literacy programs help students use credit cards responsibly      
Amid charges that credit card issuers target young people, both lenders and universities are offering financial literacy programs to help educate students. During January 2006 hearings on credit card issuers, a few Senate Banking Committee members brought up the concerns expressed by constituents with children in college. The committee members explained that parents are concerned their college-age kids, unable to resist the stream of credit card applications that come their way, will graduate with so much debt that the young people will be prevented from leasing apartments and cars, taking out loans for graduate school, and passing potential employers' background checks into their credit histories.
 
Credit cards and your college student      
While your son or daughter is off at college getting an education both in and out of the classroom, you should be concerned. Not just about their health and safety, but about their credit card usage and how it may impact their credit score. Parents may not even be aware until after the fact that their college-age child has a credit card account. Since a parent no longer has to co-sign an application, a child 18 years of age or older can easily get a credit card on his or her own.
 
Selecting a student credit card      
Across the country, students arriving on college campuses can expect to get bombarded with credit card offers. Some statistics indicate that college students on average get five to seven credit card offers during their first week on campus. Booths on campus may offer t-shirts, food, frisbees and other goodies for signing up for a credit card on the spot. While a free gift may be nice, potential student cardholders can probably get a better deal elsewhere, such as online .
 
Help credit cards make sense to young children      
Nowadays, children frequently see their parents and other adults swipe a plastic card when making a purchase. But do they understand how paying with a credit card works? Or how putting a debit card into an ATM makes cash come out? Taking time to explain the basics of credit cards or debit cards to a young child may answer questions you never even knew they had.
 
Credit card debt a big concern on college campuses      
Reading, writing, credit cards? Among the things they don't teach you about in school, but probably should, is credit card debt. Credit card debt is a major concern among college administrators, who worry about the effect owing money to credit card companies can have on students. In 2004, 83 percent of undergraduate college students had at least one credit card in their name with an average outstanding balance of over $2,300. Student credit cards often carry high interest rates following a very short intro APR offer, usually lasting about six months. As a result, these cards make it easy for their cardholders to fall into debt. Aside from just costing young people serious wads of cash, credit card debt can have some other serious negative effects on college students.
 
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