Comments on: Universities Profit From Student Credit Card Debt

By: HCR

HCR — Sun, 04 Jan 2009 00:06:56 +0000

Actually I think that anybody who is smart enough to be doing a university degree should also be smart enough NOT to fall for these stupid scams.

I am currently in my 6th year of education and my credit card debt is minimal because I educated myself about them before I signed up.

You can only assume the people who sign away their name to a credit agreement willy nilly are also the kind of people who would send their info. to a spammer…

In short – I feel sorry for the people who fall for these scams but I also think they learn VALUABLE LIFE LESSONS when they get screwed over by it in the end.

By: Patrice

Patrice — Fri, 02 Jan 2009 22:06:37 +0000

It’s crazy! I wrote an article about this for my school paper… it’s shocking how much money people make from scamming college students!

By: Debra

Debra — Fri, 02 Jan 2009 17:29:34 +0000

The interest rates become huge if you’re late on a payment. Those credit cards are ready to make you pay for anything even if they advertise low rates.

But don’t act like this is the only thing a university does to get money. Books each semester are jacked up to amazing prices, when you can simply purchase them online (Amazon, etc.). The cafeteria food? Gawh, the prices and the taste! Your university signs contracts with private companies like publishers and food providers. But your own university puts a price on those services to make up the price of paying those companies back and anything else for the school. In the end they squeeze the money out of you any way they can.

On my tuition there’s a fee for “Studying Abroad” and I’ve never been and have never considered going. Another example. A contract was definately signed for what soft drink company would have their machines on campus. We’re a pepsi nation.