College Credit Card Parties Are Over

The new bill requires that all contracts between universities and credit companies to be disclose, so the people can see the real rebate that campus get from selling students’ alumni names and information to creditors.

This is an important step and go into the right direction, so that our colleges and universities to stop at the expense of the student financial futures made a fortune today. This will enable School of Business Administration to seriously consider doing a deal could hurt their students.

This really is a milestone. Since my son's experience since 1992, I have been a task to get the credit card companies and university campuses. The law is the first step, and now our parents and grandparents still needs to continue its efforts to do a better job on the education of our children about money knowledge.

Credit card companies are no longer allowed to use free food, pizza provided by the recruitment of other gifts, show which attracted more students to apply for credit cards within 1,000 feet of university and college activities.

Most university students in a tight budget, they often embrace any chance to the impact of free or small gifts do not realize that it can be harm to their financial future. Credit companies have taken advantage of our college students for too long, to lure them to log on for the new cards with free food, backpacks, logo Institute for Race and gear and even free air tickets to return home. This new policy, the protection of our children from being unwittingly hungry credit card companies’ target.

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