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avatarJenny.eduguide
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Top 5 in: Discipline, Families and Relationships, Family Activities, Financial Aid for College, Growth and Development, Health and Wellness, Parenting Support, Parents and Schools, School Policy and Education Issues, Study Skills and Academics, Transitions and Readiness, Study Skills and Academic StrategiesTop 5 in 12 Topics

Can my daughter go to college WITHOUT a credit card?

I'm terrified that when my daughter strikes out on her own, she'll end up in the same credit nightmare that I did when I started college. How can I keep her out of trouble?

Question applies to ages: 18

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avatarLiz
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Once she's of legal age, you can't do much to keep her away from too-easy credit that is constantly extended to college kids. But you can set rules about the money you provide her and about any debt she incurs on her own. Show her what she's actually paying for an item if it takes her 6 months to pay it off on a credit card, and those kinds of facts of consumer debt that most of us didn't know at her age. But bottom line, sometimes the best way to learn is to make the mistake yourself, just as you did.
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avatarElizabeth.Johns
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Top 5 in: Choosing College, Discipline, Families and Relationships, Family Activities, Growth and Development, Health and Wellness, Learning Disabilities and Special Needs, Learning Styles, Parents and Schools, Safety, School Policy and Education Issues, Study Skills and Academics, Summer Learning and Camps, Teens and Jobs, Transitions and Readiness, Motivating StudentsTop 5 in 16 Topics
My son is a college freshman and he does not have a credit card. He does have a debit card. It was recommended by the college and is specifically geared to college students, and if he is due any refunds on tuition payments, they get sent to his card. I can also transfer funds to his card from my bank account. I cautioned him about frequently checking his balance online so he always knows how much he has on the card, so that he doesn't go over and get charged a lot of fees. So far, so good.

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mom of college student
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