, 22, and a student at Rutgers University
in Newark, N.J., charged $4,000 to his
credit card several years ago to pay tuition and now struggles to make the minimum payment.
charged $4,000 to his
credit card several years ago to help pay tuition at Loyola Marymount University
in Los Angeles.Now a first-year law student at Rutgers University
's Newark, N.J., campus, Kunka struggles to make the minimum payment on the card, which is nearly maxed out.
"I feel like credit card companies target us because we really have no financial awareness," said Kunka
, who's 22."We're barely out of our homes, barely having experiences as adults, and they throw these things at us, and they don't make you aware of what you're signing into."
In recent congressional testimony, a card industry representative said stories such as Kunka's
were aberrations and that two out of three students paid their card balances in full each month.