Students, who have taken out a loan to finance their education, often find that they have trouble finding a job to make their loan payments after they graduate. Those financial troubles are simply compounded, even posing a bankruptcy risk, when the same students also rack up high credit card bills.

Unfortunately, credit card debt is fairly common among college students, who do not have the financial maturity necessary to understand how such massive bills can affect a person’s credit score as well as his financial future. According to some reports, college students are generating massive amounts of credit card debt, and the average undergraduate student is believed to carry around at least $2, 500 in credit card debt. These students are still studying, and it will be a couple of years before they can graduate, and can begin looking out for a decent job.

However, once they graduate, many students very often find that the job market isn’t as welcoming as they expected it to be. Not only are their kind of jobs hard to find, but these jobs com with lower than expected salaries.

That has been the situation since the recession hit, and although things are slightly better now, students cannot expect to be blasé about their financial future. Students graduating with huge student loans will find that the stress of making payments on their student loans is compounded by credit card bills. Living expenses are much higher now, making life a bigger financial struggle for fresh graduates. Those struggles amplify if you have massive credit card debt too.

Credit card bills can take very long to pay off, and even if you make minimum payments, it will take years before you manage to pay off a $2,500 credit card bill. This is high-interest debt, and must be avoided.