- 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 aren’t adding to your debt
while you pay.
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