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Student debit cards make an excellent alternative to traditional credit cards for college-age students. Previously, when freshman entered school they would be inundated with offers of credit at every turn. That can be problematic for an 18 to 21 year-old.

It was all too easy for college students to apply for and get credit cards. And while this seemed like a benign idea, it could end up creating financial problems for them down the line. Many of them did not fully understand the implications and responsibilities of having credit and saw it as free money. Yet, they came to find out how difficult it was to eliminate credit card debt once it had been accumulated.

Now the government has changed the rules about marketing to college students. Banks and credit card companies can no longer go after students with aggressive tactics. In addition, more parents are aware of the potential downfalls of credit and are talking to their kids about it.

Due to these circumstances there has been a rise in the usage of student debit cards and prepaid debit cards. Parents appreciate the fact that students won’t become debt laden with a debit card before they even have their first real full time job. Students appreciate the cards too because they can still have the convenience of shopping with a card but now know their limits and what they can afford to spend.

This makes financial planning and budgeting much easier on parents and students alike. Parents can help fund the debit or prepaid card and know that their child is not getting into financial trouble. They can even monitor these cards if they wish.

With the economic downturn people of all ages are looking to eliminate credit card debt and build a solid financial picture. The use of a debit card or prepaid card can help instill in young people the value of a dollar and what they can and cannot afford much more than a credit card would. Student debit cards are an excellent alternative to credit cards.