AZ HCM2006

Urges Congress to require credit card issuers to provide online educational courses on debt management to higher education students before activating their credit cards.

Cites data showing 78% of undergraduates have credit cards, with average annual student credit card debt between $5.2 billion and $7.3 billion, and credit card companies targeting roughly 1,000 campuses.

Notes that aggressive credit card marketing on college campuses exposes entering students to an average of eight offers during their first week of school.

References an Ohio State University study indicating 21.4% of surveyed students considered harmful responses like increased substance use or suicide when overwhelmed by credit card debt.

Directs Arizona's Secretary of State to transmit copies of the memorial to the President of the U.S. Senate, Speaker of the U.S. House, and all Arizona Members of Congress.