BusinessWeek has been examining one of the fastest-growing segments of credit card debtors, college students. Last week, they profiled a young man from the University of Pittsburgh who was recruited by a Citibank rep, at his university’s student union building, to get other students to apply for credit cards with free t-shirts and lines like “Even if you apply, you can always cut up the card,” and “It’s easy to pay off your balance once you graduate and get a great job.” For every completed application, he’d receive $5-10, and probably a tiny dark spot on his soul.
