Sentences with phrase «students relied on their credit cards»

Not exact matches

Those aged 18 to 25 tend to have large amounts of credit card and student loan debt upon entering the workforce, and are more likely to rely on high - cost methods of borrowing, which can impede upon future homeownership opportunities and retirement savings.

During the application, they are most likely relying on their current salary, the payment history of their student loans, and (possibly) a recently obtained credit card.

Other key contributing factors include misconceptions about federal loans only being available to the poor, families relying on credit cards to pay tuition instead of education loans and the ease of applying for private student loans.

The earlier you build and contribute to an education fund, the less you will have to rely on student loan and credit card debt to fund your education and the more likely you will be to lead a financially healthy life after college.

To compensate for the shortage, Jeff relied on his student loans and the couple's credit cards to supplement their income.