By the Financial Aid Office Students, both undergraduate and graduate, are becoming very familiar with credit cards.
Students tend to use credit cards because of their convenience.
The impact of easy credit card availability and indebtedness accumulated by students is raising many concerns. A Nellie Mae survey of undergrads in 2000 reveals some disturbing numbers. 78 percent of college undergraduates have at least one credit card. Average number of credit cards per student is three. Using small increments of available credit responsibly is a great way to learn about the pros and cons associated with borrowing, and to establish a positive credit history.