Credit or debit? This routine checkout line question can feel like a major decision for college students and their families. Many young people shun credit cards for fear of accumulating debt and fees, but responsible use of a credit card can set the foundation for a solid financial future.
Which is right for you? And how can you use credit cards responsibly? College Confidential sat down with Matt Schulz, chief industry analyst at LendingTree, to get some clarity on these issues.