• Iowa State University is the only university that offers FREE financial services for students!
  • More students drop out of college for financial problems than academic ones.
  • The average ISU student has 2.5 credit cards.
  • Bad credit stays with you for 7 to 10 years.
    • Mistakes you make now can come back to haunt you.
    • Consider: When you want to get a loan for a house, a person with poor credit will have a much higher interest rate and will spend hundreds of thousands of dollars more than someone with good credit.
  • The average ISU student has $2,000 in credit card debt and $20,000 in students loans.
    • In the College of Design, these numbers are a little higher. Students have an average of ### in credit card debt and ### in student loans.
  • 70% of employers will look at credit rating prior to hiring someone.
  • If you charge up a balance of $5,000 and can only make the minimum payments, it will take you about 40 years to pay off the balance, if you arenít adding to your debt while you pay.

 

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