Helping to slay the credit monster

Editorials

November 14, 2009

By Rowe Ray The San Marcos Record Sat Nov 14, 2009, 04:57 PM CST

Texas State University’s new effort to help its students navigate the complex maze of credit card pitfalls is admirable.

Higher education is expensive enough for young people and their parents. It adds insult to injury for students to sell their souls to the credit card companies – often without realizing the long-term repercussions.

The Money Savvy Cats program featured on page one of today’s edition is an organized effort to help students be the masters – and not the slaves – of their financial futures.

It is a lesson which for years has gotten too little attention at all rungs of the educational ladder.

The sagging American economy, of course, has helped worsen plastic card spending problems not only for students, but for many others among us as well.

All the more reason to get the word out to young people before they fall victim to the credit monster rather than after it has eaten their lunch. RHR

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