In mere recent years, our colleges and universities have begun to forbid promotions by credit card marketers at an alarming rate. The numbers have increased dramatically over the past few years, and they are only expected to remain on the rise. Given that credit cards have essentially become a necessity in today's economy, card companies have been driven to market on college campuses. This has resulted in providing nearly a quarter of students with a credit card. Due to the broader financial options today, banks and card companies a more willing to step out on a ledge in these markets. If banks and lenders alike were to acknowledge of Thomas Aquinas, they would cease to exist. Aquinas writes, "To take usury for money is unjust in itself, because this is to sell what does not exist, and this evidently leads to inequality which is contrary to justice." Unfortunately, most card companies are luring students into somewhat of an addiction, an addiction to piling on debt that they cannot handle, an addiction to plastic. With this in mind, should the marketing of credit cards be permitted at our colleges and universities?.
Because college students throughout the U.S. spend nearly $100 billion annually, they are likely to remain big spenders once they finish college and enter adulthood. The current youth generation has more buying power than ever, and companies, including credit card companies, are spending millions of dollars each year to catch their eyes in hopes that they will buy into their products. Credit card companies are the biggest spenders in advertising today in the college market. College students are hard to reach nowadays. Simple advertisements in newspapers and on television just do not get the point across. This is why creditors target the students on campus. When advertising on campus, they are able to better explain the terms and conditions of their product as well as the many "so-called" perks of having their credit card.
Credit Cards: The Potential Dangers Credit card debt is a major problem for some college students because it can easily get out of control. ... Credit card companies frequently set up booths on or near campuses. ... Credit cards are also quite convenient. ... Shopping around for credit cards is also necessary. ... However, credit cards can be quite convenient and helpful in establishing a credit history. ...
Tremendous numbers of our children get themselves into financial problems even in high school and more yet find themselves deeply in debt in their early college years because predatory lenders invade college campuses all over the nation pressing credit cards on 1st year students even though they have no jobs, no income and 4 or more years of college left to go before they make any meaningful money. ... In order to gain some insight into the matter we will turn to the words of Oklahoma State Representative Joe Dorman who says that the problem is so bad that he has requested an interim study ...
Most Americans today believe that credit cards are their enemy. ... Many factions are encouraging states to introduce bills that will prohibit credit-card solicitations on campuses. ... Credit cards are also a safe alternative to cash. ... Credit cards build good credit history. ... After looking at the advantages and disadvantages of credit cards, it is plain to see that credit cards are a great friend. ...
It is blatantly unethical to market credit cards to college students. ... Credit card companies often distribute free T-shirts, Frisbees and long distance minutes to those who apply for credit cards. ... However many large institutions still permit the marketing of credit cards. ... Credit cards provide easy access to otherwise unaffordable expenses. ... The recent suicides committed by college students highlight the urgent need to curb the marketing of credit cards on college campuses. ...
After receiving loans, college freshmen will conveniently use their debit cards and aren't aware of the drawbacks to debit card and credit card use. Growing up in a world where society increasingly uses credit cards and electronics for shopping, college students rarely have cash in their wallets (College Parents). During the first month of school, college students use their debit card to purchase textbooks either online or on-campus at the university bookstore. ... Debit cards can be useful to college students in case of emergencies such as buying a plane ticket or a medical emergency. C...
Bills, books, bandwidth, cars, classes, credit cards, cell phones, professors, papers, presentations, parties, parents, police, procrastination, peers, popularity, diets, debts, drugs, money, exercise, email, roommates, fashion, and sex are only a few of the problems that students deal with on just about a daily basis. ... Students can buy their books at the off campus bookstore, The Outpost, for much cheaper. ... Also any amount of dining dollars cannot be withdrawn at the end of the year, so if someone has a hundred dollars in dining dollars in April, he or she has to rush and spend the rest...
The 5% increase in sales represents an increase in the population of students on Doane's campus. ... This method was most effective because our research objective was to determine if there was an opportunity for a coffee shop to be successful on Doane College campus. ... Seven questions were asked in the survey, each addressing the respondents' desire for a coffee shop on campus. ... For the faculty, we used the phone directory to choose every fifth faculty member that works on Doane College Campus. ... There is no coffee shop on campus and many people have never tried espre...
You then drop the phone in utter astonishment upon discovering that someone has somehow found out all your information and has used your credit cards and bank account for their own personal benefit. ... "My particular case was credit card fraud, the most common form of identity theft. ... "I could have applied for credit cards with that information,"" (Otter Realm April 2005: pg.1) Mac Clemmens stated due to a list he thought was trash that he found was full of students name and their social security numbers laying out in the quad, the center part of campus. ... Prevention is the Key The m...
A person can socialize with others, make new friends, talk to old friends, conduct research, purchase goods, send birthday cards and check e-mail from the comfort and the security of his home. ... The Child Online Protection Act (COPA) passed to protect children from online pornography by requiring that web site operators to verify the age of visitors such as by issuing a credit card number. ... In an article published in the "Time Magazine" written by Philip Emler-Dewitt titled "Censoring Cyberspace: Carnegie Mellon's attempt to Ban Sex from its Campus Computer Network Sends A Chill A...
