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How Students Use Credit Cards
Posted By Jim On 04/22/2009 @ 2:37 pm In Credit | 10 Comments
Each year, Sallie Mae does a national study on how undergraduate college students use credit cards and their usage trends. 2009’s report was released this week with a bang because they discovered that credit card usage has increased to levels never seen before.
Here are some staggering statistics:
The report goes into much greater detail but two things jump out at me:
I think that credit card education is a lot like sex education, minus some of the sensitivity. You can expose and educate students on the topic so they can be knowledgeable and make the right decisions. Or you can shield and protect them yourself until they’re ready for it. In both cases, students are getting exposed to the topic at younger and younger ages.
If you’re a student and reading personal finance blogs, I commend you. I recommend checking out my post on smart student credit card use  and my 40 money tips for college students  for some suggestions on how to be smarter with credit cards.
How Undergraduate STudents Use Credit Cards  (SallieMae.com, 1MB PDF)
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 smart student credit card use: http://www.bargaineering.com/articles/best-student-credit-cards.html
 40 money tips for college students: http://www.bargaineering.com/articles/40-money-tips-for-college-students.html
 How Undergraduate STudents Use Credit Cards: http://www.salliemae.com/NR/rdonlyres/0BD600F1-9377-46EA-AB1F-6061FC763246/10739/SLMCreditCardUsageStudy41309FINAL1.pdf
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