Average Credit Card Balance for Undergraduates

Credit Card Debt for Undergrads

2008 2004 2002 2000 1998
Mean $3,173 $2,169 $2,327 $2,748 $1,870
Median $1,645 $946 $1,770 $1,236 $1,222

(Source: Sallie Mae)

  • Undergraduates are carrying record-high credit card balances. In 2008, 21 percent of undergraduates had balances between $3,000 and $7,000.
    (Source: Sallie Mae)
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