Banking Advice | BankingAdvice.com » credit card advice

Should a College Age Student Have a Credit Card?

walter — Mon, 14 May 2012 15:07:01 +0000

If you’re getting ready to send your son or daughter off to college, you’ve probably worked with them to prepare a checklist of things they’ll need to take to school. Along with the various dorm room essentials, you’ll need to consider whether one of the things they’ll need at school is a credit card. Recently passed laws have made it significantly more difficult for a college student to get a credit card on their own, unless they’re able to demonstrate an independent and adequate income. You may decide to help your child obtain their first card, but first you need...

Near Term Planning for the First Year of College

admin — Fri, 06 Mar 2009 16:13:46 +0000

Many families have done a good job at planning for their child’s college education, but the recent credit crunch and investment downturn will likely affect even the best plans. Also, if you were depending on financial aid or loans, that also is strewn with potential land mines. Here are three things you need to consider over the near-term: 1) Financial aid shortfalls: As we all know the cost of college has continued to increase, and colleges have not been able to offer enough funding through the variety of aid programs that include: Perkins, Stafford and Plus federal education loans, and private...