Follow Up: Credit Card Caution

Autor/in	Cahill, Timothy P.
Titel	Follow Up: Credit Card Caution
Quelle	In: New England Journal of Higher Education, 22 (2007) 2, S.21-22 (2 Seiten) PDF als Volltext (1); PDF als Volltext kostenfreie Datei (2) Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1938-5978
Schlagwörter	College Students; Economically Disadvantaged; College Graduates; Young Adults; Credit (Finance); High School Graduates; Debt (Financial); Money Management; Income + Suchen Sie Ihr Suchwort? Collegestudent; Hochschulabsolvent; Hochschulabsolventin; Young adult; Junger Erwachsener; Credit; Kredit; High school; High schools; Graduate; Graduates; Oberschule; Absolvent; Absolventin; Einkommen
Abstract	In "Pushing Plastic," ("The New England Journal of Higher Education", Summer 2007), John Humphrey notes that many college administrators justify their credit card solicitations by suggesting that credit card access will help students learn to manage their own finances. Instead, credit card debt will teach thousands of students a lesson they will never forget. The "earnings premium" enjoyed by college graduates is well-documented: college graduates earn significantly higher annual incomes than high school graduates. So should educators really be concerned about the ability of college students, with their higher income potential, to pay their credit card bills? Should a state treasurer's office dedicate time to improve the financial knowledge of these privileged young adults, when many underserved Americans are marked with poor credit to the point where they may be out of rational financial options? The answer is yes. A number of groups help people who are unbanked by traditional financial institutions due to their poor credit histories. College students, meanwhile, are a demographic that has proven particularly naive and inexperienced in personal financial decision-making. (ERIC).
Anmerkungen	New England Board of Higher Education. 45 Temple Place, Boston, MA 02111. Tel: 617-357-9620; Fax: 617-338-1577; e-mail: connection@nebhe.org; Web site: http://www.nebhe.org/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10