Dangers of Debt Cartoon ContestWith the economy crumbling because of the collapse of the lending industry, more and more college students and families are taking out larger private loans in order to cover skyrocketing tuition and other college costs. Credit card companies on virtually every college campus are luring young people into debt that could spell financial ruin at a young age. The dangers of debt are more real than ever before.

Consumers Union wants to encourage young people to talk about the Dangers of Debt. We think that a picture is worth a thousand words so we’ve launched the 1st Annual “Dangers of Debt” Editorial Cartoon Contest! We are seeking submissions of editorial cartoons that speak to the Dangers of Debt. Check out the website to learn more.

Submissions are due on November 3rd after which public voting begins. So make sure to visit http://www.creditcardreform.org/cartoon_contest.html to cast your vote!