Big brainstorm on bad credit credit cards
PIRG survey paint an exaggerated picture of the spending habits on student credit cards. According to those studies, the unpaid balance on student credit cards is an average under $500, and only 34 percent of students actually have a credit card in their name only. A lot of banks provide free budgeting workshops and financial planning seminars for students. They believe there is a role for student credit cards in the financial development of students. College administrations want to continue to allow banks to market student credit cards.