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Students who charge their education have a lot to learn

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Most freshman college students have credit cards, and many parents worry they’ll use them to buy eyebrow rings and scandalous jeans. But the truth about college students and credit cards is even more disturbing.

A new survey by the Smith College Women and Financial Independence program found that 23% of students are using credit cards to pay for tuition and fees. More than half said they used credit cards to buy textbooks and school supplies.

Smith withdraws from System search

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David Smith pulled out as a candidate for University of Wisconsin System president a day before he and three other finalists were to interview for the job. Smith, the chancellor of the Texas Tech University System, is in negotiations with Texas Tech officials on a contract extension. He earns more than the maximum salary allowed for the UW post.