THE CASE: Avoiding Credit Card Debts for Postsecondary Students

Read the case information carefully before doing your Informal Informational Memo Report.

Recent college and university graduates face an astounding amount of debt, with the total accumulated debt now exceeding $13 billion, according to the Canada Student Loans Program. This translates into an average of more than $20,000 per graduate across the country. Part of this debt is due to increasing numbers of easy to obtain, high interest credit cards. Because they cant buy cars, rent homes, or purchase insurance, graduates with big credit debt see a bleak future for themselves.

A local newspaper plan to run a self-help story about credit card for post-secondary students. The editor asks you, a young part time reporter, to prepare a memo with information that could be turned into an article. The article would be targeted to parents of students who are about to leave for college or university. What can parents do to help students avoid sinking deeply into credit card debt?

THE ASSIGNMENT

Provide a clear explanation within your assignment to reflect the information below.

Using ABI/INFORM, Factiva, or LexisNexis and the web, locate basic information about student credit options

In a Memo discuss shared credit cards and other options. Your goal is to be informative not to reach conclusions or make recommendations.

Read the information you have collected carefully before selecting the basic information required on student credit options.

Remember your goal is to investigate and inform, not necessarily to promote and recommend.

Write an Informational Memo Report to reflect your findings provide the information you have collected in a clear and concise manner within the body of the report.

Address your Memo to Barbara Haggler.

Organize the report around the subject areas by using these HEADINGS:

1. Introduction

2. Subject

3. Facts

4 Data

APA In Text citation required when using secondary sources to report your findings

KEY FACTORS TO LOOK AT IN THE CASE

Address the main subject of the Memo

Organize the most important points from the case before you begin writing

Address the subject of the Memo (in the subject line as well as the opening sentence)

The use of the 5 Ws when organization your information

Remember to provide a Memo format for the assignment

What is an Informational Report?

The informational report is an Informal Report which requires information, understanding and facts within your report.

This type of report does not provide data analysis or recommendations; when providing the layout for this report it should reflect the 4 areas shown above (under the assignment) upon completion.