Conclusion

Few students are prepared for the relatively easy availability of credit after they enter college. In many cases, they may have had no experience managing their own credit. Many are encountering their first period of significant debt accrual with student loans, whether directly from the government or through private lending institutions. A student should regard him/herself as an asset, and make some financial assumptions about how much he/she will earn in the future, and what his/her debt capacity is at present.

Although credit card offerings are tempting, it is best for the student to ignore the come-ons and attempt to live on his/her own resources during college. This will insure that the student does not take on short-term debt which he/she cannot cover through current income.

Bibliography

Block, S. (2006, February 22). Students suffocate under tens of thousands in loans. USA Today, p. n.p.

Carnahan, I. (2003, August 11)....
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