Credit Card Debt on America's College Campuses
A Tragedy Waiting to Happen
By Charlie K, published Dec 05, 2006
Published Content: 1,148 Total Views: 647,744 Favorited By: 226 CPs
Like many other college students Willow had gotten in over her head with regard to credit card debt. She didn't mean to and she never wanted to. However, she was very young and the consequences of her actions were simply not clear to her. So one day when the creditors wouldn't stop calling and she could no longer bear the thought of the disappointment she would see in her parents' eyes, Willow hung herself in her dorm room.
Willow was the sister of my son's best friend. She spent a lot of time at our house over the years. She was sweet. She was kind. She was exactly the type of girl you wanted your son to meet and fall in love with. No, she wasn't perfect, but she had so much to offer the world. Her death profoundly affected our whole family. We simply could not believe that such a shinning light had been extinguished. We still feel the loss today.
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Resources
- Credit Risk or Credit Worthy? College Students and Credit Cards: A National Survey.The Lure of Easy Credit Leaves More Students Struggling with Debt. The Chronicle of Higher EducationCredit Card Usage Continues among College Students. Nellie Mae web site: www.nelliemae.com/library/cc_use.htmlDealing with Student Credit Card Debt. About CampusHow Extreme Credit Card Debt Happens to the Smartest College Students by Lois Center-Shabazz at www.MsFinancialSavvy.comCredit Cards Teaching Students a Costly Lesson by Lucy Lazarony at Bankrate.com
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Ramaswamy
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Posted on 05/27/2007 at 7:05:00 PM
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Posted on 12/15/2006 at 1:12:00 PM