Cambridge Credit Helps Prepare College Students Deal with Credit Card Debt
As another summer comes to a close, more than 15 million students are busy preparing to return to their college campus. Rush to purchase school supplies and fill the box was a familiar ritual, however, many students are not prepared when it comes to their financial options. Student credit card debt is increasing, but few young adults are ready for the long term consequences that come with it.
debt accumulated by students today have a lot of strength from them to work longer hours than their counterparts in previous generations, often resulting in reduced academic loads and increased number of dropouts among students. In fact, after academic difficulty, the need to address the debt problem has become the second most cited reason that students interrupt the traditional high school four years. And for those who make it to graduation, the student loan burden and credit card debt is a challenge that would make life after college a bigger financial challenge than ever before.
“Approval of the college is exceptional performance for students and parents, but these days it often experience stress, too. students today faced with the prospect to repay their student loans when they find the reality of living independently in entry-level salaries, “notes Christopher Viale, president and CEO of Cambridge Credit Counseling Corp.” When a student complicate things by taking a credit card debt more than they can properly manage, they also push back the clock to buy a house and start a family , a traditional measure of the American Dream. ”
Cambridge Credit Counseling distributes a free guidebook called Learn Now or Pay Later to help educate students and their parents about the basics of credit, debt and personal finance. According to Viale, “Our aim is not user-e is to provide young adults with the knowledge they need to make sound financial decisions, which allows them to build a strong foundation for success.” This guide can be downloaded without charge from the company’s education finance strategies, www.goodpayer.com or by clicking download Learn Now or Pay Later e-guide.
Cambridge
Education staff also conducts seminars on various financial topics for colleges and universities. Interested parties should contact Martin Lynch at (413) -241-2401 for more information.
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