Someone's Looking out for Us

Every college student has to deal with issues regarding money and in most cases, it comes tied along with credit card debt. The article establishes that, "The average college student graduates with nearly $4,100 in credit card debt, according to a 2009 survey conducted by student lender Sallie Mae. The survey also showed that 84% of undergraduates had at least one credit card last year, up from 76% in 2004." Now, New York has new reforms which restricts schools from gaining a percentage of financial charges on student credit cards. So now, "under the reforms, SUNY will not share students' personal information with credit card companies unless the school has obtained students' prior authorization. It will also offer financial literacy programs to educate students on student loans, credit cards, and other commonly used financial products." I concur with this movement and think that college students, while being careful with their money, always could use a helping hand from time to time.