The last thing students need is a credit card if they can’t afford to pay it off. But students who are borrowing money for school keep qualifying for credit. Part of the reason? Some are reporting student loans as income, and in some cases, banks are letting them.
Continue reading When Can a Student Loan Be ‘Income’? When Applying for a Credit Card
When Can a Student Loan Be ‘Income’? When Applying for a Credit Card originally appeared on DailyFinance on Thu, 13 Jan 2011 09:40:00.
Filed Under: Columns, Bank of America, Citigroup, Investing Basics, College Finance