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Use Pre-Paid Cards for College


Students can avoid debt problems
by using pre-paid cards to manage
student funds:


  • budget your monthly spending amounts
  • avoid interest rate charges
  • avoid getting into credit and debt problems
  • manage your
    account online
  • build up your credit reporting history
  • use where credit cards are accepted

 

Student or parent gets a prepaid card for student's use in college (approval guaranteed). Student or parent adds spending money to the card.
 
Student uses card
to buy food, supplies, pizza, etc., at any merchant that accepts MC/VISA cards.
 
Student or parent can monitor pre-paid
account electronically
for budgeting purposes. Pre-paid cards can help maintain a spending budget.
 
Student or parent can reload the card with additional monthly spending funds as needed.
 
Using pre-paid cards protect the student from accumulating credit card debt.
 
Students can use
pre-paid cards to build a credit history for future credit approval on auto loans, employment,
home mortgages, etc.
 

 

How Pre-paid Cards Work for College Financing:

PrePaid Cards

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Category
Intro APR
Time Period
APR Purchases
Annual Fee

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PRe-PAID CARDS