Program teaches students about credit cards
Program teaches students about credit cards
3/29/2006 3:29 PM
By: Danielle Strauss
When Albany High School seniors graduate in a few months, they'll be faced with all kinds of temptations. Whether they are in college or out in the "real world," they could make a decision that could follow them for the rest of their lives -- signing up for a credit card.
Teacher Mary DeMarco said, "When they go to school next year, they will see all these tables offering t-shirts and coolers. If you grab those cards and leave them in your drawer, it can have a negative effect."
To prevent the kids from falling into the credit trap, DeMarco enlisted the help of the Credit Abuse Resistance Education program, or C.A.R.E. Lawyers from the area are pointing out the pros and cons of credit cards. On the plus side, students get to establish credit and work toward maintaining good credit history. But the down side is credit card abuse and spiraling into debt with bills students simply can't or don't pay.
It's a fact that between 1994 and 2004, bankruptcy among people under the age of 25 rose 96 percent. After hearing more students drop out of school because of credit card debt than bad grades, these kids said they don't want to be a target.
Credit cards and students
C.A.R.E. is teaching high school seniors what to look out for when they hit college campuses.
Senior Deborah Chesser said, "I'm going to have to shop around and see what is the best for me, check the credit, see if there is any fine print I will have to look for. Then I will sign the line and see what happens from there."
Senior Jajmere Williams said, "I'm kinda worried because I know I can be impulsive at times. I know I will have to be in control. I have to pay my own way through college. Being in debt isn't the best thing for me."
Both Williams and Chesser said they most likely will sign up for a credit card. But to stay in the black, they said they'll try and choose paper instead of plastic as much as possible
3/29/2006 3:29 PM
By: Danielle Strauss
When Albany High School seniors graduate in a few months, they'll be faced with all kinds of temptations. Whether they are in college or out in the "real world," they could make a decision that could follow them for the rest of their lives -- signing up for a credit card.
Teacher Mary DeMarco said, "When they go to school next year, they will see all these tables offering t-shirts and coolers. If you grab those cards and leave them in your drawer, it can have a negative effect."
To prevent the kids from falling into the credit trap, DeMarco enlisted the help of the Credit Abuse Resistance Education program, or C.A.R.E. Lawyers from the area are pointing out the pros and cons of credit cards. On the plus side, students get to establish credit and work toward maintaining good credit history. But the down side is credit card abuse and spiraling into debt with bills students simply can't or don't pay.
It's a fact that between 1994 and 2004, bankruptcy among people under the age of 25 rose 96 percent. After hearing more students drop out of school because of credit card debt than bad grades, these kids said they don't want to be a target.
Credit cards and students
C.A.R.E. is teaching high school seniors what to look out for when they hit college campuses.
Senior Deborah Chesser said, "I'm going to have to shop around and see what is the best for me, check the credit, see if there is any fine print I will have to look for. Then I will sign the line and see what happens from there."
Senior Jajmere Williams said, "I'm kinda worried because I know I can be impulsive at times. I know I will have to be in control. I have to pay my own way through college. Being in debt isn't the best thing for me."
Both Williams and Chesser said they most likely will sign up for a credit card. But to stay in the black, they said they'll try and choose paper instead of plastic as much as possible
0 Comments:
Post a Comment
<< Home