What a former college instructor really thinks…

Fun with Credit Cards: A Public Service Announcement for College Freshmen

College students are often inundated with well-meaning friends and family members who warn them about the “excessive” use of credit cards.  As an instructor, I always thought students would be better off is they use credit cards as much as possible.  Let me explain:

 

There are a lot of wonderful things in life that college students can’t enjoy without a credit card.  The latest iPhone, backstage passes to see Lady Gaga, a trip to Bermuda for spring break… how many students can really afford this with the pittance Mom and Dad give them?   And if you think piling on debt will have negative personal consequences, think again!  According to researchers, increased debt results in higher self-esteem.  ( http://www.eurekalert.org/pub_releases/2011-06/osu-wmw060611.php ) Self-esteem is a critically important goal of higher education and I, as an instructor, would have been wrong not to encourage anything that helps kids feel good about themselves.

 

So, my dear young ones, go out and spend all the money you want.  Then go back to your dorm room and study hard because you’re going to need a good job to pay all that off.  (You knew there had to be a catch, didn’t you?)

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