College students across the United States are familiar with credit card debt, and with the cost of higher education increasing, debt of any kind is not foreign to Texas Tech students, either.
However, much different from student loans taken out to cover expenses such as tuition, textbooks or housing, a growing number of students are using credit for luxury items.
Regardless of what credit is used to buy, Sergio Garcia, a coordinator for Red to Black at Tech, said he has seen many students using credit without credit card knowledge.
"Credit card companies are not always open about the details of the card," Garcia said. "Grace period, interest, potential fees, credit limit, just acknowledging the fact that you have to pay these things back - some people don't know that."
Merril Currier, branch manager of the Tech Federal Credit Union and recent Tech graduate, said she agrees credit cards are usually the best way to build credit.
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