It's almost a crime what colleges charge for tuition these days. And it's not much better how credit card companies target college students BEFORE they even get a job and make enough money to use credit cards. Sure, both are businesses and it is their job to make money.

But the culture of getting in debt is starting WAY too early across college campuses.

I read this article the other day, Student Loans are the New Indentured Servitude, and was amazed at just how much recent college graduates owe when they get out of school:

It's a little technical, but it makes a strong point. OK, I know college is expensive. Been there, done that. So I know what it is like to pay back your student loans.

But what message are we sending to young people by making them struggle under such incredible debt before they have the means to pay it back? If they can't pay back their loans, how will they learn to pay all their other expenses? By using credit cards?

No, I don't have a good solution to this problem. It's the same at most colleges these days. But I just can't help but wonder whether college is ever worth it for many of these young people. Especially when these loans and credit card bills don't come with any instructions on how to manage money.

Bad way to start adulthood. Tough lesson to learn the hard way.

Hopefully most of them will find a way to break through and not think that having debt is cool.

So, which do you think is worse for college students, credit card debt or even bigger student loan bills?