Students are nevertheless taking on credit card debt that they cannot afford. A survey performed in 1998 found that two-thirds of undergraduate college students had debt to at least one credit card, and that one in four had five or more credit cards (Holub, 2004)
A survey performed in 1998 found that two-thirds of undergraduate college students had debt to at least one credit card, and that one in four had five or more credit cards (Holub, 2004). Credit card debt for students averages $2,200 per student (Lazarony, 1998)
They see their parents living with high levels of debt, and may not have the financial sophistication or self-control to analyze how credit cards might affect their credit rating and ability to repay. Although some college freshmen have had previous experience with credit cards, not all know how to navigate the credit card "traps," as is shown by this comment from a college student: As a younger teen, I actually received a credit card and didn't know my spending limit and that kind of thing, so I maxed out the credit card and was penalized for it, and that's why I don't have one now (Lucas, 2007)
Repayment can take several forms. if, for example, a student wants to become a teacher, particularly in the hard-to-find math and science areas, many states and municipalities have "student loan forgiveness" programs (Rimmer, 2006)
Essentially, investor confidence in the product was buoyed by the liquid secondary market and the investment-grade credit ratings. This lead to a proliferation of CDOs that introduced substantial risk to financial markets (Deng, 2008)
That many viewed them as investment grade products only complicated the issue -- now these investors needed to sell their CDOs because their risk profile was skewed. A European study of banks that held CDOs and banks that did not found that the banks with CDOs were riskier in the long-run than those that did not have CDOs (Hansel & Krahnen, 2007)
In many cases, the high-grade tranches were sold alongside the low-grade tranches. The fact that CDOs typically involve a combination of a number of cash flows of different credit grade makes them difficult to value (Scheicher, 2009)
Additionally, it is difficult to admit 'friend x comes from a wealthy family, even if it isn't fair, he has more money to spend than myself.' No matter how clearly details about status "are conveyed, people as egocentric social information processors tend to process, comprehend, and evaluate such news by relating the details to themselves" (Mussweiler 2004, p
¶ … social behavior: Credit card debt Will the next generation of college graduates be majoring in credit card debt? According to BusinessWeek, 75% of college students have credit cards versus 67% of college students in 1998 (Silver-Greenberg 2007)
Ergo, economic growth through the private sector is not possible without federal deficit. In his own words, "while it is commonly believed that continual budget deficits will bankrupt the nation, in reality, those budget deficits are the only way that our private sector can save and accumulate net financial wealth" (Wray, 2009)
Ergo, economic growth through the private sector is not possible without federal deficit. In his own words, "while it is commonly believed that continual budget deficits will bankrupt the nation, in reality, those budget deficits are the only way that our private sector can save and accumulate net financial wealth" (Wray, 2009)
S. postsecondary institutions that do not restrict or manage credit card issuers' access to students or prohibit aggressive marketing techniques on campus (Nelson et al
These often confidential contracts bond hundreds of schools across the country with credit-card companies eager to sign up undergraduates. In some cases the school's financial reward increases handsomely when students frequently swipe their cards (Silver-Greenberg, 2009)
p. Indeed, the same situation was felt across other EMU periphery countries (Arghyrou and Tsoukalas, 2010)
p. Indeed, the same situation was felt across other EMU periphery countries (Arghyrou and Tsoukalas, 2010)
p. Indeed, the same situation was felt across other EMU periphery countries (Arghyrou and Tsoukalas, 2010)
p. Indeed, the same situation was felt across other EMU periphery countries (Arghyrou and Tsoukalas, 2010)
p. Indeed, the same situation was felt across other EMU periphery countries (Arghyrou and Tsoukalas, 2010)
The paper outlines the recent upheavals of the prices' behavior and the Greek debt yield. It also provides valuable information that will enable the Greek government and European Union to articulate in an attempt to realize informed decision (Calomiris, 2010)
As such, no corrective measures should be undertaken. The consequent lessening credit crunch across the globe reduced the pressure subjected to the Greek bonds (Maute, 2006)