It isn’t so much that credit cards or student loans are bad for your finances, but rather when the two appear in tandem.
Student loans create substantial long-term debt, while credit cards hit you with relentless short term debt (they don’t call them revolvingâ for nothing!). It’s a matter of stacking a double dose of debt on a person who either isn’t employed (pre-graduation), or does have a job and is struggling to get out of the starting gate of adult life.