SUNY complies with Cuomo's code of conduct

By Edith Barlow on Sep 9th, 2010

Last week, New York Attorney General Cuomo announced he wants all colleges across the state to reveal any existing agreements with credit card issuers. As a result of the Credit Card Accountability, Responsibility and Disclosure Act, issuers have been banned from college campuses, and now Cuomo wants to take it one step further.

The Attorney General hopes to steer students away from potential credit card debt, and the State University of New York has complied with Cuomo's request, Bloomberg reports. SUNY, which has 64 campuses across the state, is the first to agree with Cuomo's code of conduct. According to an e-mailed statement from the Attorney General's office, institutions should work hard to limit the amount of credit card advertisements that students are exposed to on campus.

The average college student graduates with $4,100 in credit card debt on top of their loan debt, Reuters reports. Borrowers having trouble paying their monthly bills may consider visiting a debt consultant for additional assistance. With help from an expert, new graduates can develop a repayment plan that works best with their financial situation.

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