Credit Card Industry Targets College Students to be “Credit Pushers”

Credit card companies love to market cards to college students. That point was eloquently and tragically made in the superb recent film Maxed Out. In the film, two mothers of college students describe how their bright and high-achieving children applied for credit cards as college freshmen. But they soon found themselves in serious credit card debt. Feeling profoundly depressed and overwhelmed, each of them committed suicide. These two moms have since made it their mission to stop credit card solicitation at college campuses. A new BusinessWeek article tells the tragedy from a student’s perspective. Ryan Rhoades, a freshman at the...

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