I started high and just never got rid of it. To better manage money, he tries to use cash and limit the credit card for emergencies only. But when he was in school, his philosophy was different. Many students say they feel targeted by the credit card companies because they form the perfect credit demographic. It's like they're going to have to learn the hard way what it's like to be in debt.
Some people are down right abusive with their cards.
It's easy to pay for something and forget about it for a month. Nina Prikazsky, vice president of operations for NellieMae, says her company has noticed an alarming increase in college credit debt over the past six years. In recent years, students are coming to use already having four and five credit cards and already having credit card balances and no job. Credit card companies see this as a way to get customers early and for life. Critics claim the major credit card companies are trying to lure college students in, betting on lifetime brand loyalty.