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You want to give them a chance to compete.
However, when it comes to credit card debt, I think the saying should be modified to: "shutting the stable door before any more horses bolt!
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Morgan Hamilton offers expert advice and great tips regarding all aspects concerning Credit Cards.
" No, I'm not talking about the company whose name and logo is on the card.
The new guide offers students short and handy advice on responsible borrowing, and though it targets credit card usage in particular, its wise and responsible suggestions can just as easily be applied to any type of student borrowing, including both student loans and bank loans.
The most popular is that of a revolving agreement where you make some payment towards the outstanding due and they charge interest on the balance.
It would be wise to keep in mind that you can always donate money to the charity instead of being compelled to let your credit charges get out of control.
There is wisdom in obtaining a student credit card; you just need to see the big picture and establish some ground rules before your student applies for one.
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