Word: debt
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Dates: during 1990-1999
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Over the 12 years she has worked in the financial aid office at Yale, for example, Glenn-Long says the majority of students she has seen with credit card debt have it as a result of what she calls "unnecessary" spending or borrowing. Although the scope of the problem is small, she says potential effects can be devastating...
...interesting point made at the meeting, Glenn-Long says, was that community college students, who are usually older than traditional four-year college students, often take on credit card debt to meet the difference between the whole cost of tuition and the amount of financial aid they receive...
...Before they know it, they're behind the eight ball in terms of credit card debt," he says. "That's what scary to me as a freshman proctor...
Spurred by several of suicides by college students unable to cope with mounting credit debt, Manning of Georgetown says he has used recent appearances on ABC's "Good Morning America" and on National Public Radio to encourage universities to address the problem...
...admits the best defense against debt is just using some common sense...