Jan 14
Payday loan provider Wonga has removed pages from its website suggesting students should take out its loans.
The move came after the National Union of Students (NUJ) called the firm “highly irresponsible” for marketing loans with a typical APR of up to 4,214% to students. Wonga said it will continue to except applications from working students despite taking down its marketing material.
The pages in question suggested a Wonga short-term loan could be a viable alternative to a student loan – on which borrowers pay an interest rate of just 1.5%. The f
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Aug 10
College students make up a huge percentage of Americans who are now knee-deep in debt. Although most debts come from reckless and irresponsible credit card spending, the majority of students spend credit for their tuition, academic materials, and other education-related fees and payments. However, if left unchecked, these students will find themselves in debt trouble once the bills start coming in.
Granted, the increasing tuition fees and the bad economy have forced students to rely heavily on their cards to pay for their fees and continue their education. As this should not be the case, given that education is a right of every man, it is quite hard to go to school without spending.
For students who are using cards, they can actually save while spending credit for the education. Read more…