College Students
and Credit Cards

courtesy of AFSA Education Foundation


"Young people armed with an understanding of credit card basics before they head off to college are more likely to use these cards responsibly and less likely to find themselves overwhelmed by card debt," says the American Financial Services Association Education Foundation (AFSAEF).

"If parents haven't talked to their college-bound sons or daughters about credit cards yet, there's still time to do so," says Susie Irvine, AFSAEF's president and chief executive officer. "There needs to be a meeting of the minds about what the cards will (and won't) be used for and who's responsible for paying the monthly bills."

In addition, AFSAEF lists these five credit card fundamentals for college students to know:


Founded in 1990 and based in Washington, D.C., AFSAEF develops consumer education materials and sponsors research on consumer finance issues. It is affiliated with the American Financial Services Association, a national trade association for market-funded financial services firms providing credit to consumers and small businesses.

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