Credit card debt on college campuses: causes, consequences, and solutions

College Student Journal, Sept, 2002 by Jill M. Norvilitis, Phillip Santa Maria

Student consumer debt is not a problem that will be solved easily. Elected officials, college educators, and parents must all work together to identify and implement the best practices. It is encouraging that three-quarters of students report thinking about trying to manage their money (ASEC, 1999) and that, when offered information on credit card debt, over half of students requested that information (Norvilitis et al., in press). This suggests that students want help with such issues. Colleges should take advantage of their unique opportunity to provide students with greater awareness and education.

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