How do the policies and availability of credit cards affect students’ debt?

What is the potential impact on students’ financial future?

What can be done to ensure people enjoy a secure financial future?

Question

How do the policies and availability of credit cards affect students’ debt?
 



What is the potential impact on students’ financial future? 



What can be done to ensure people enjoy a secure financial future?

anonymous · Answer

(1) credit cards for college students affect many aspects of their college lives. They can't pay their bills regularly and find themselves short of cash. plus It can affect their ability to secure a student loan which can be crucial with ever- rising tuition rates.
(2) A whopping 40 million Americans owe an even more whopping $1.2 trillion in student loans debt. The amount surpasses every other type of household debt except mortage  debt.
(3) Three Byu experts assert that the stability of your financial house depends more on the decision you make than the size of your paycheck you can also put at least 10,000 in your bank account and let it build interest. I hope this helps.