Credit CARD Act Impacts College Students (MNDaily.com)
"Future college students may not face the same credit card dangers that are prevalent today, thanks to new legislation that reforms the credit card industry," MNDaily.com reports. "'We support the provisions in the credit card act because it includes important new disclosures for borrowers and will make credit cards less accessible to students who would be better off using other forms of credit while they’re in school,' NASFAA Vice President Justin Draeger said. 'The new law doesn’t prohibit students from taking on credit cards, but it takes some giant steps forward in protecting them from predatory lending practices.'"
You can read the complete June 2, 2009 MNDaily.com article on-line.
Posting of "Financial Aid in the News" does not imply endorsement or support by NASFAA. If you attempt to access an article and receive a "not found" message, it is likely
that the article has been removed from the site. Posted 06/4/09 to www.NASFAA.org. Please submit Web site questions or comments to Web@NASFAA.org.