Money College: New credit card laws address escalating student debt

Perhaps no area of life affects undergraduate students more than credit. In this article, Money College writer

Katie Drews relates the stories of college kids in a credit crunch; please check out Money College's Peter Sachs insights into credit and college here.

Twenty-two-year old Matthew Alonzo juggles so many credit cards that keeping track of payments is like wrestling a nagging homework assignment that never ends.

The senior at Loyola University Chicago is approaching graduation with around $3,500 in credit card debt, spread across five cards. Despite the stress of managing his bills, Alonzo said he never would have been able to get through college without plastic, which he needed for essentials such as books, furniture and plane tickets home to San Antonio, Texas.