Many students have more cards than they need because of incentives offered by credit card companies for students to apply. They offer free stuff, and lots of people apply for the card just to get it, planning to throw the card away when it comes in the mail. I know plenty of people with credit cards. Some of them use them intelligently, but most do not. Some people I know don't seem to make the connection between buying things they want all month, and that piece of paper that comes in the mail on the first of the next month saying you owe money to Visa and Mastercard.
College administrators say credit card debt is becoming a big issue on campus.
63 University of Arizona, said debt is afflicting students faster than ever before. I worked with college students for almost ten years. When I started, credit card debt was not an issue we ever concerned ourselves with. Lately, it can be a major reason students have problems getting loans. Credit card companies are quick to defend criticism of their policies towards college students.