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Ken's Saving for College Blog

By Ken Clark, About.com Guide to Saving for College

Take 60 Seconds to Eliminate Collegiate Credit Card Debt

Sunday March 30, 2008
Let's face it, college students and credit cards are a bad combo. With the average graduate student carrying over an $8,000 balance, there's no doubt that most students skipped the class on "financial common sense."

According to the Nellie Mae organization, the majority of college students with credit cards signed up for them because of an offer they received in the mail.

The Punchline: Keep credit card offers out of your student's mailbox.

The Solution: OptOutPreScreen.com, a website run by the credit reporting agencies.

It's free, it'll take 60 seconds, and you'll keep your kids from ever hearing the great news... "Congratulations, You've Been Pre-Approved!"

For more stats on college student credit card debt and opting-out of junk mail, take a glance at my most recent article on OptOutPreScreen.com.

For more tips on keeping your college costs on the straight and narrow, sign up for my FREE weekly Saving for College E-Newsletter.

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