Credit Cards On Campus

Front 1

At a Congressional hearing, what challenged the happy image of student credit card debt as a rite of passage?

Back 1

D. The testimonies of parents whose debt-ridden kids had committed suicide

Front 2

What was the response of credit card companies when initially challenged by studies pointing to their predatory practices?

Back 2

A. They dismissed the charges

Front 3

What combination has increased the strain of paying for higher education?

Back 3

C. Increases in the cost of a college degree combined with falling wages

Front 4

AT the end of the 1980s, how did banks deal with the impending profitability crisis associated with the saturation of the credit card market?

Back 4

B. Sought new markets for credit cards among college students

Front 5

What does Manning describe as "a normal extension of Jeff's college experience"?

Back 5

A. When he shifted from using credit cards for convenience to financing an inflated standard of living

Front 6

What evidence do we have that kids use credit cards because of the strong influence of escalating peer consumption pressure and sophisticated youth marketing campaigns?

Back 6

D. Because they make mostly unnecessary purchases that they would not have made under a fixed student budget

Front 7

According to Manning, what would be the only way to satisfy the Pandora's Box of expectations opened by credit cards?

Back 7

Greater levels of debt
More hours of paid employment

A + B

Front 8

Why does sheila say that credit cards give you a "false consciousness"?

Back 8

C. because credit cards give you the appearance of higher status while keeping you down with high interest rates