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	<title>CollegeCandy &#187; bank offers</title>
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		<title>Universities Profit From Student Credit Card Debt</title>
		<link>http://collegecandy.com/2009/01/02/universities-profit-from-student-credit-card-debt/</link>
		<comments>http://collegecandy.com/2009/01/02/universities-profit-from-student-credit-card-debt/#comments</comments>
		<pubDate>Fri, 02 Jan 2009 16:39:00 +0000</pubDate>
		<dc:creator>Lauren - University of Michigan</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[bank offers]]></category>
		<category><![CDATA[credit card companies]]></category>
		<category><![CDATA[credit cards]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[new york times]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[student debt]]></category>
		<category><![CDATA[universities]]></category>

		<guid isPermaLink="false">http://www.collegecandy.com/news/15674</guid>
		<description><![CDATA[<p>Don&#8217;t deny it; you know you have a closet full of <a href="http://www.collegecandy.com/style/15527">free t-shirts</a> you got when you signed up for a credit card on the way to a football game. Those damn banks and credit card companies have tents and tables all over campus luring you in with free sh*t if you sign up for one of their student-specific credit cards.</p>
<p>Free stuff and a new credit card? Hell yes! What&#8217;s the harm, right?</p>
<p>How about serious credit card debt &#8230;</p><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=collegecandy.com&#038;blog=860993&#038;post=15674&#038;subd=collegecandy&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><img src="http://collegecandy.files.wordpress.com/2009/01/02/ccstuff.jpg" alt="ccstuff.jpg" align="right" />Don&#8217;t deny it; you know you have a closet full of <a href="http://www.collegecandy.com/style/15527">free t-shirts</a> you got when you signed up for a credit card on the way to a football game. Those damn banks and credit card companies have tents and tables all over campus luring you in with free sh*t if you sign up for one of their student-specific credit cards.</p>
<p>Free stuff and a new credit card? Hell yes! What&#8217;s the harm, right?</p>
<p>How about serious credit card debt (an average of $2,623 for college seniors nationwide)? Or serious credit issues &#8211; the kind that got us into this whole recession mess in the first place &#8211; after graduation?</p>
<p>We all know that credit card companies target college students because we don&#8217;t know how to handle our money, but it seems they aren&#8217;t the only ones profiting. According to the <a href="http://www.nytimes.com/2009/01/01/business/01student.html?_r=1&amp;em">New York Times</a>, our very own universities are selling our information to those guys! Instead of protecting us and our futures, our schools are handing us over to the sharks and promoting our potential to incur serious debt.</p>
<p>Shouldn&#8217;t universities &#8211; places of learning &#8211; teach us how to manage money instead of profiting from our lack of experience? Doesn&#8217;t working with credit card companies go against the role of a university in the first place?</p>
<p>What do you think?</p>
<p><em>[Photo courtesy of NYTimes.com] </em></p>
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			<media:title type="html">Lauren - University of Michigan</media:title>
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