Credit card changes will force parents, college students to rethink expenses

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Credit card changes will force parents, college students to rethink expenses

by Diverse Staff , August 3, 2009

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Students headed to college this fall face a new financial landscape when it comes to managing money.

According to The Sacramento Bee, not only are families on tighter budgets, but the new credit card legislation passed this year begins to challenge how students handle credit, and that requires parents and students to rethink how to pay expenses.

Starting in February, credit card companies can no longer hand out cards to students under 21. The student must now have an adult co-sign or show proof of income.

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Comments posted here may be reprinted in Diverse: Issues In Higher Education magazine, and may be edited for purposes of clarity and/or space.

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