After reading Chapter 10, review the model for formatting a formal report in the chapter. Also, review Figure 10.19, Quick View of Selected Pages From the Formal Report and Appendix B, Documentation Formats. Each group is to develop a formal report entitled, "Avoiding Huge Credit Card Debt for College Students." You must Sign Up For A Group. Each group can contain no more than 4 students.

Overview

College students represent a new push for credit card companies. An amazing 84 percent of students carried at least one credit card. In the most recent study of undergraduate card use, half of college students had four or more cards (Guffey and Loewy, 2012). Credit cards are a contributing factor when students graduate with an average of $20,000 debt. Because they can't buy cars, rent homes, or purchase insurance, graduates with big credit debt see a bleak future for themselves. A local newspaper plans to run a self-help story about college student credit card debt. The editor asks your group to prepare a formal report on the topic of college student credit card debt. Use ABI/INFORM, Factiva, or LexisNexis and the Web to locate basic information about student credit card debt. In a formal report, discuss shared credit cards and other options.