Spending by university students has been known as a significant component of entire consumer

According to Mintel (2014), “nearly half of today’s university students report they are financially comfortable, as they have money left at the end of the month for a few treats and to save.” What about the other half? The other half of the students either have not a lot left after the basics are taken care of or having difficulties with their financial situation. Students’ average monthly expenditure on their essentials is 65% of their monthly income (Mintel, 2014). In these few years, there has been a rise of national companies giving student discounts and offers for their products or services. For example, Apple Inc. offers student discounts for their gadgets.

Pop culture, what does this term even mean? It seems to be a word that contains subjects of media, social structure, and society as a whole. According to the dictionary, pop culture is defined as “cultural activities or commercial products reflecting, suited to, or aimed at the tastes of the general masses of people”. In the society we live in today, we are constantly surrounded by pop culture, either that is with television, magazines, different sources of social media and/or exposure to others. Due to pop culture being such a dominant contribution into our world today, it has effected many parts of society. The domination of social media has created idealistic views that are stressed upon female adolescents in particular. Upon media’s influence, traditional tactics and work have been modified in order to keep up with our technology oriented society. This alters the schools and education systems. Through the use of television, social media and other means of pop culture, serious study is necessary due to the negative effects it has on the younger generation and the effects it has for their futures.

The later idea suggests that one of the major conflicts associated with credit card debt among college students is because of the relaxed view taken on credit. To illustrate, “83% of college undergraduate students in the US have credit cards…”(Wang & Xiao, 2009) exemplifying the potential danger of accruing debt by signing up for so manu credit cards. Furthermore, with increased costs of education, universities find it is acceptable for students to pay for tuition by credit card. In certain circumstances, credit cards have become a quick remedy and students are forced to supplement income to pay for education and other necessities and as a result perpetuate the debt issue.

Tuition and student debt at colleges and universities in America have been rising far more quickly than inflation for over four decades. This is a trend that will continue without intervention. Student debt drastically affects students’ lives and decisions from getting married, to buying home, or to starting a business. The amount of debt held by students after graduating not only negatively affects the individual, but the economy as well. Loads of economic activity is currently halted by students working to pay off their loans. This is a consequential problem and the increasing number of student debt in America must be addressed.

A major problem students encounter in higher education is debt. Students acquire these deficits in higher education for many reasons such as credit card debt, student loans, and high payment plans. Some people say that dues are not a problem, but it can have a great impact on a student's life - even after college. This research will make people aware of the growing problem that is indebtedness.

When starting college every student makes a very important decision. Whether if they want to get financial aid or to pay the money up front. Having college debt will not only ruin their credit, but he or she may also have to pay off their tuition for the rest of their life. Research says, “According to the College Board, which tracks students’ financing of higher education, undergraduate students in 2013 through 2014 borrowed in the aggregate nearly $63 billion and received $33.7 billion in Pell grants.” By this quote from “Debt, Merit, and Equity in Higher Education Access” it clearly shows the effects College Debt has on their society but, also on their future. Every paycheck they receive, a small portion goes toward paying their college the same college they finished years ago. It’s not worth paying at least one hundred fifty dollars every check when it could have been paid all together. However, many may not have the same opportunities as others.

For this paper, I will be providing context on how student debt is effecting college students. For most Americans, the best way to better your life is by attending college. Many American college students take out loans to be able to attend college. Unfortunately, with college tuition increasing, so does the amount of loans that is necessary to afford it. Many Americans are in debt, it is affecting the American family, and prevents college students to start their own family.

By employing the ‘traditional life cycle model,’ student loans debts have less impact on consumption. However, this student has an income impact on one’s career, as well as the decisions after college (Elliott & Nam, 2013). Ten thousand dollars in debt is a small amount of default on compared to the current value of average potential earnings in a lifetime. Because the quantity of debt accounted for by a student to achieve a degree is small compared to the future earnings, the student debts will have less impacts on consumption during a lifetime (Elliott & Nam, 2013). However, Elliott & Nam (2013) also hold that the yearly earnings of a young person after graduation are low compared to their earnings during the middle life stages. In addition,

The understanding of popular culture is a modern phenomenon in industrialized countries. The perception of popular culture is something that emanates, starting from the lower class to the higher class. There is an authenticity within each class of the understanding of popular culture. One could perceive a cultural object as spiritual, exploitive, or perhaps even a medium of communication from history to present day. As Stuart Hall proclaims, the power of perception of a cultural object can make the view of popular culture as a site for struggle between the different social forces and classes over the meaning and value ascribed to a certain cultural object (442).

Unlike the other definitions provided by Storey, this excludes a higher source of culture from of the equation and speculates that popular culture is something that created by the masses for the masses. The main issue with this definition of popular culture is that it provides no guidelines as to who should be included in “the people”, making it difficult to determine what types of culture are, in fact, popular culture. When applying this theory to the television series “Buffy the Vampire Slayer”, it is apparent that the television show cannot be a part of popular culture, as it is commercialized culture provided to “the people”. However, items made by fans, based on source material from the show are popular culture in this sense. This is because although an outside source influences these products creation, members of the community for the community make these

For one thing, credit card debt will lead to making college students irrational customers. They may blindly buy unnecessary or luxury goods beyond their affording abilities because they can casually run up a large amount of credit card debt. In other words, it will result in the unreasonable consumption and this trend

Pop culture is a modern culture that is displayed through mass media such as movies, internet, magazines, billboards, music and fashion. Pop culture defines what one should wear, act like, but is generally aimed toward the taste of younger people, like

Popular culture, better known as pop culture, is defined by many as the latest trends in society. If you ask members of today’s generation what pop culture is, you might get answers such as: Justin Bieber, The Wop dance, The Fault In Our Stars movie, and several others. Although, if you ask an older generation, you will get different responses from Michael Jackson and leg warmers to The Breakfast Club and all the trends that made up the 1980s. It brings up a valid question, what does pop culture really mean? Pop culture can mean many different things depending on who is defining it. According to sociology professor Tim Delaney (n.d.), “It is generally recognized as the vernacular or people’s culture that predominates in a society at a point in time” (p.5). Pop culture is dynamic; it changes as the desires of generations do, especially within the youth population.

Students are graduating with an enormous amount to debt. This is a perfect reason to stop marketing credit cards on college campuses. The average outstanding balance on graduate student credit cards is $8,612, an increase of 10% from the 2003 average of $7,831 (Nellie Mae, 2007). This shows the trend that students are graduating with more debt than just their student loans. Students should not be worrying about any other debt after graduating. With credit card companies preying on students on campus, students will get these credit cards and ruin their financial future after college. Students which are 4 year undergraduates that borrow to pay their education, graduate with an average debt of $24,651 according to The Smart Student Guide to Financial Aid on www.finaid.org. That total with the average credit card debt equals $33,263, which is double the annual income of a minimum wage worker in the state of Maryland. Students will more than likely make less money a year than the total amount of debt they accumulate in college. Why then have credit card companies on campus dimming the potential light these students

Nowadays, it seems that trading method tends to be cashless, credit card as a pattern of payment allows a purchaser to buy a product or service instantly even if the purchaser does not have the money at hand (Foscht et al., 2009:325). In modern world economic systems, an increasing trend of transactions proceed via credit cards (Geanakoplos and Dubey, 2010:153), which is no exception for students. Firstly, they have powerful purchasing ability. According to Blankson et al (2012:568), College students have purchasing power of $200 billion annually. Recent data indicate that 84% of undergraduate students have a credit card, and the average number of cards held per cardholder is 4.6 (Mae, 2009, cited in Robb, 2011:690). Moreover, half of the students have at least four credit cards with an average total debt of $3,170(Hancock et al., 2012:369). Credit card debt levels of this dimensions indicate that a large number of college students use credit cards as a source of short-term revolving credit, being called installment users (Robb, 2010:824). According to Robb (ibid), previous research has identified two different types of credit-card users: instalment user and