It's only 4 square inches and barely a millimeter thick. Placed in a student's hands, it has seemingly infinite powers. Using it gives some a euphoric feeling of freedom. In others, often in parents, it brings intense fear. Both feelings are valid.
Credit cards can make or break a student's credit history.
Almost as soon as students step on campus they are greeted by zealous salespeople who lure them into applying for credit cards by offering them free T-shirts, phone cards, Slinkys and other prizes. Every bag that leaves the Campbell bookstore contains a credit card offer. Campbell is not alone. Consolidated Credit Counseling Services, Inc. reports that 80 percent of universities allow credit companies to solicit on campus. Stephanie, a junior, applied for one of her two cards at a campus sign-up.