5 Ways to Earn Your College Education With Less College Student Credit Card Debt

If college students could have one wish it might be to receive a good college education without having to spend the next twenty years paying off massive student loans and college student credit card debt.

“Genie, grant me my wish.” Poof. What college student credit card debt?

Dear Aladdin wannabe’s, if only it were that easy! The truth is you can earn a great college education with less college student credit card debt. It takes a little money management savvy and an increasingly un-American concept called self-control.

“There are more money issues for today’s students than in any other generation before them,” says Todd Romer, executive director of Young Money Magazine.

From the rising cost of colleges to luxuries like cell phones and high-end dining establishments that are popping up all around college campuses, you may find yourself graduating into college student credit card debt hell by the time you’re twenty-two years old. And all you truly wanted was a debt-free college education!

If you’re looking to stress less about money and be proactive about college student credit card debt, give the following tips a try:

1. Use credit cards sparingly.

The average credit card debt owed by college students is about $2,700, with close to a quarter of students owing more than $3,000. About 10 percent owed more than $7,000! That’s not even including student loans.

“Getting a credit card is not a bad idea,” says Romer. According to a recent study of student loan applicants conducted by Nellie Mae, a leading provider of higher education loans, 78 percent of all college students today have at least one credit card. That being said, Romer advises that college students keep your credit card in the deepest part of your wallet to use for emergencies and/or large purchases that you know you will pay back within thirty days.

Have a tendency to use credit cards as, say, gift cards? Romer suggests that college students call their credit card company and ask them to put a $500 max on the card. Also have them not change the limit until you are the one who communicates to them that you want to increase your credit limit. “Until you become more responsible, and that just evolves over time, have a third-party reign in on your spending,” adds Romer.

But how can you earn a college education minus college student credit card debt when some colleges and universities form multi-million dollar partnerships with credit issuers and give them the go ahead to solicit students right on campus? “If you see a Bank One credit card table showing up at your school in the student union once a week, just realize that you don’t have to participate in the promotion on campus,” says Romer. “Treat it like anything else you’re going to be tempted with in this world. Be smart about what you get involved with.”

2. Start a budget (ahem) weekly spending plan.

Yeah, a weekly spending plan is a sneaky euphemism for a budget, …

How to Put an Army IRR Packet Together

Packet requirements, what you need to include in your IRR packet:

1. IRR packet checklist, based on Figure B-59 of USAR Pamphlet 600-5.

2. DA Form 4561, Request for Reserve Component Assignment or Attachment. Completely filled and signed by the Soldier and the Commander.

3. Your statement/justification letter and backing documentation. This is based on the reasons listed in AR 140-10.

4. Chain of Command Recommendation.

5. Cogent Personal Reason. If the specific reason isn’t listed in AR 140-10, it requires an exception to policy by your OFTS.

6. Counseling Statement (DA Form 4856). This is from the commander to the Soldier and is face to face. Are you in receipt of a bonus? This counseling statement must warn you about bonus termination or recoupment.

7. Counseling Statement (DA Form 4856). From the Soldier’s servicing career counselor to the Soldier; it’s also face to face.

Valid reasons for transferring from the Troop Program Unit (TPU) to the Individual Ready Reserves (IRR):

As a TPU Soldier, you can forward an IRR transfer packet up the chain of command. There’s no guarantee for that packet’s approval, or for your transfer to the IRR.

If you want to improve your TPU to IRR transfer chances, refer to the valid reasons listed in AR 140 -10, Chapter 4, Paragraph 9. If you have enough documentations, and facts, to support one or more of these reasons, include them in your IRR packet. This’ll help you make your case for transferring to the IRR.

Employment Conflict:

Let’s say that your employer all of a sudden can’t release you from the work schedule so that you can drill… as your absence would cause an adverse impact on your employer’s operation. Before, this wasn’t an issue. Your employer released you for a weekend, and was able to continue his operation. When they couldn’t release you, you were able to reschedule.

Now? Your employer needs you, on the days you need to drill, in order for the company to continue on with its mission. Conditions had changed since you started working with this employer.

Or, you’re in a company that restructures and eliminates your job. They move you to another part of the company. In this new job, you’re on call to go to different parts of the country, and your schedule is random. You’re not able to do rescheduled training. Your employer can’t spare you for any reserve drill without negatively impacting company operations.

These are just two examples, of which there are many, on how your employment could evolve into something that makes it hard for you to meet TPU requirements.

In your Soldier’s Statement of Justification letter, provide an objective picture of how your employment schedule makes it impractical for you to continue with the TPU. Include statements from your employer to back this justification.

Change of address:

You accept a new job within your company. It’ll pay you more, it’s something that you love doing, and it represents a move up in your civilian career. …