Scarberry, a senior majoring in filmmaking, took a year off to work full time to catch up. They helped him develop a plan for paying off his debts. Scarberry admits he wasn't prepared to handle the credit cards that were offered to him. All of a sudden I had something thrown in my lap. Scarberry's story is not unique.
Many college students start their careers saddled with debt.
And nearly a third do not pay their bills in full each month. Parents need to start teaching their kids about money at an early age. And they need to teach by example. Experts don't agree about when and how to introduce kids to credit cards. Teens younger than 18 can only get a credit card if their parents co-sign for it.