Typically, students registering for fall classes also must make their way past a myriad of tables where trained credit card representatives press them to apply for a card in exchange for a free T-shirt with the school's logo. Nellie Mae indicated that 78 percent of college students had credit cards while 32 percent had four or more.
Students entering Christian schools are no exception.
Once at school, students regularly receive card offers in their mailboxes. Many parents have found their credit rating ruined by children who have charged thousands of dollars to their account, Hunt says. She also recommends that any balance be paid immediately so that no interest charges accrue. She says students shouldn't obtain a card with an annual fee or one that promises payoffs, such as free airline miles or discounts on a new car the more it is used. Rather, Scripture discourages it by pointing out the dangers associated with going into debt.