Wednesday, September 23, 2009
The College Credit Card Hustle
After reading the article about advertising to college students, I was pretty shocked. I had no idea that universities were actually making money off selling credit cards to students. I think that is a very unethical practice because we all know what kind of debt students can get into with a credit card. The country is already in debt enough, do they really want the younger generation making the same mistakes? I think that credit debt is one of the reasons our country is in an economic crisis. If the college students begin building their debt now, then we are putting ourselves in a position to live in the "rat race". Working hard for our money and then spending it all on our bills. I do not think that colleges have the right to hand out student information to banks, especially when they are just trying to rope them into buying a credit card. It is just so wrong! Is it ethical to raise money for a university by putting students in danger of owing major debt?
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