Miami Hurricane, February 4, 2010

              1
MHMC- Commercial Template Doc Size 11.25” X 14” Image Area 10.375 x 11.75 CYAN MAGENTA YELLOW BLACK
The Miami Vol. 88, Issue 5 | Feb. 4 - Feb. 7, 2010 HURRICANE STUDENT NEWSPAPER OF THE UNIVERSITY OF MIAMI IN CORAL GABLES, FLORIDA, SINCE 1929
􀀀ittle black dress: $60. Taxi to and from South Beach:
$80. Two drinks at Heathrow: $50. Graduating col-lege
without credit card debt: Priceless.
Are you willing to give up the plastic and kiss
the old “buy now, pay later” trick goodbye? Starting
Feb. 22 some people may have to, at least until they turn
21.
The new Credit Card Accountability, Responsibility
and Disclosure Act (CARD) will prevent excessive rate in-creases,
improve transparency among credit card compa-nies,
eliminate the confusing fine print and protect young
people from getting in over their heads.
There’s just one issue for college students: new restric-tions
on who is eligible for credit could put many underage
consumers out of the running.
Applicants will be required to have a cosigner before
they can be approved, something for which many parents
in today’s economy may be unwilling or unable to take re-sponsibility.
They’ll be forced to prove how they’ll be pay-ing
any balance beforehand, and any credit line increases
must be approved by the cosigner who must remain in-volved
in the continuous management of their finances.
BY NINA RUGGIERO | ASSISTANT NEWS EDITOR
GIVE US FAIR GRADING
TAS SHOULDN’T BE IN CONTROL OF
OUR GPAS PAGE 5
HAVE A SUPER WEEKEND
MAXIMIZE YOUR SUPER BOWL
EXPERIENCE PAGE 7
SMASHING THE RECORD
SENIOR TENNIS STAR HAS THE MOST
WINS IN PROGRAM HISTORY PAGE 10
SEE CREDIT CARD, PAGE 4
Getting a credit card in college just got a little bit harder
MATT WALLACH // The Miami Hurricane
Credit
crunch