Print

News >> Browse Articles >> Economic & Financial Highlights

+1

No Credit Card Debt at Graduation: Priceless

No Credit Card Debt at Graduation: Priceless

The Student Life via UWIRE

September 17, 2009

“We don’t like them [credit card companies distributing on campus], and we discourage them from having a presence on campus,” Witbrodt said. “The law is intended to help students and protect them from credit card predators, but since our students appear to have no significant problems with their credit cards, I just think this initiative will help continue credit card responsibility.”

Despite the enactment of the new law, many believe that credit card companies will still be able to access college students.

“They [credit card companies] won’t do anything they can’t do,” MacDonald said. “They’ll advertise near college campuses and where college students go to buy textbooks.”

Greenfield responded similarly.

“I don’t know what they [credit card companies] might do, but I never underestimate the ingenuity of the banking industry to evade the consumer protection provisions of state and federal law,” Greenfield said.

Check out more finance articles for college students. Find entry-level jobs!