David Martinson, UA associate vice chancellor for Business Affairs, said the UA does not allow credit card venders on campus but does not restrict leaflets that advertise credit cards. It's a more passive form of solicitation, and we haven't prohibited the bookstore from including leaflets. Some bookstores pass out ads for credit card companies in bags given to students. Computing Services tries to identify solicitors and will block them if possible, he said. Some think the solution is for parents to allow students to have credit cards with a lower spending limit in order to teach them how to handle payments and learn about interest rates.
Commercials advertise pre-paid credit cards to ease parental concern.
However, many parents and students think being responsible is the best approach to avoiding credit card debt. I recently got a credit card to help build my credit, and you have to be responsible. Parents and students can discover solace in an eruption of advice from lectures, commercials, books and Web sites addressing the credit crisis. Everyone is welcome to attend. No experience is required.