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When a student buys a pizza on their credit card and do not pay off the balance that month, they will be paying for that pizza over and over again. (Chu) A twenty dollar pizza could easily turn into a fifty dollar pizza over a year's time. Credit card companies then add late fees and they usually have high interest rates, causing most students to work years after college to pay off their debt. It's bad enough that students are in debt because of student loans, but now adding the credit card bills, thousands of dollars must be paid off.
Loans are becoming a bigger problem each day. Since students will need to spend thousands of dollars on college, they will need to get the money somewhere...
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