Todd Starr Palmer, Mary Beth Pinto, Diane H. Parente, (2001). College Students’ Credit Card Debt and the Role of Parental Involvement: Implications for Public Policy. Journal of Public Policy & Marketing: Vol. 20, No. 1, pp. 105-113.
doi: 10.1509/jppm.20.1.105.17293

College Students’ Credit Card Debt and the Role of Parental Involvement: Implications for Public Policy

Todd Starr Palmer,

1. School of Business, Penn State Erie

Assistant Professor of Business Law and Management1Mary Beth Pinto,

2. School of Business, Penn State Erie

Assistant Professor of Marketing2Diane H. Parente

3. School of Business, Penn State Erie

Assistant Professor of Management3



Abstract

Federal legislation has been proposed that would require parents/guardians to act as co-obligors on college students’ credit card applications. This study supports the assumptions underlying the proposed legislation, suggesting that students whose parents are involved in their acquisition of credit cards have significantly lower credit card balances than do students with no parental involvement.

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