Students are still hooked on plastic
Ron Matus in St. Petersburgy Times reports:
College students are as mired in credit card debt as ever, despite a flurry of action by campus administrators and lawmakers since the late 1990s.
The average undergraduate finished school with more than $3,000 in credit card debt in 2001, according to the most recent figures from Nellie Mae, a leading source of student loans. That’s on top of student loans, which now average $20,000 for a four-year graduate.
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