With tuition rates soaring and student loans harder and harder to come by, the last thing today’s college student needs is a mountain of unsecured credit card debt to add to the pile. According to Nellie Mae, a major student loan corporation, the average college senior now carries over $2800 in credit card debt, and two thirds of today’s college graduates come out with over $20,000 in combined student loan and credit card obligations. Add graduate school to that and the numbers double or even triple.
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