A Dangerous Way To Finance A College Education

More than 50 percent of Maryland college students and families with "unmet financial need" use credit cards to cover education costs, according to a recent survey by the Maryland Higher Education Commission. State officials and experts called the findings a troubling echo of a national trend, though some financial aid authorities said that when used responsibly credit cards do not necessarily lead to unmanageable debt. "This is a very dangerous way of paying for higher-education costs," James E. Lyons Sr., state secretary of higher education, said in a statement yesterday. Read more at:
http://www.baltimoresun.com/news/local/bal-md.debt21dec21,0,5579658.story