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By wordsthatecho
March 22, 2016

In this series, Tips from the Pros, Money taps the collective wisdom of expert financial planners.

It can be fairly simple for college kids to get their hands on a credit card. And while this isn’t necessarily a bad thing, for some students it can mean graduating college with more than just student loans loans weighing on them.

Financial advisers say that they see a big problem: College kids rake up credit card debt because they don’t understand what they’re getting into.

Should college kids have a credit card? For emergencies only, financial advisers say. For a good night out? Stick to what you have in the bank.

Featured advisers:

 

Advertiser Disclosure

Money has partnered with CardRatings.com and ConsumersAdvocate.org, among other companies, for our coverage of credit card products. Money, CardRatings.com, and ConsumersAdvocate.org may receive a commission from card issuers. For example, Money receives a commission from Citi when you apply and are approved for a Citi product through the links on this site.

Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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