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| 2001 Credit Card Usage Analysis |
a:hover {text-decoration:underline} home loan center managing your money calculators library about us faqs articles for consumers articles for industry professionals research and information researchrd numbers. the percentage of students holding at least one card in 2001 has risen 24% since 1998. although freshmen have the lowest rate of card possession among undergraduates, 54% carry a credit first credit experience is with a credit card whereas ten years ago it was through a student loan. the median debt level among card-carrying undergraduates – where half the population have balancese balances each month. the good news is that average credit card balances among students who have cards have decreased from the previous average calculated in 2000, and the percentage of students withlated to credit card usage among the undergraduate population reveal meaningful comparisons and trends. other highlights of the 2001 study include the following: 83% of undergraduate students have at 2000. 21% of undergraduates who have cards, have high-level balances between $3,000 and $7,000; a 61% increase over the 2000 population. graduating students have an average of $20,402 in combinedcredit card debt - and triple the number of credit cards in their wallets - from the time they arrive on campus until graduation. click here to download the 2001 credit card study in pdf format.
http://www.nelliemae.com/library/research_9.html - 5k
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http://www.nelliemae.com/library/research_9.html
2005-12-03 16:07:53
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