- When asked, nearly half of college student respondents, 49 percent, reported having a credit card in 2010.
- Sixty four percent of student and 28 percent of parents reported making a monthly payment towards a student credit card.
(Source: Sallie Mae, How American Families Pay For College, 2010)
Percentage of Undergrads with Credit Cards:
| 2008 | 2004 | 2002 | 2000 | 1998 |
| 84% | 76% | 83% | 78% | 67% |
(Source: Sallie Mae, How Undergraduate Students Use Credit Cards, 2009)
Average Number of Credit Cards for Undergrads:
| 2008 | 2004 | 2002 | 2000 | 1998 |
| 4.60 | 4.09 | 4.25 | 3.00 | 3.50 |
(Source: Sallie Mae, How Undergraduate Students Use Credit Cards, 2009)
- In 2008, half of college students had four or more credit cards.
(Source: Sallie Mae, How Undergraduate Students Use Credit Cards, 2009)
- In 2008, 39 percent of freshman students arrived on campus already in possession of a credit card. This number represents a 70 percent increase from 2004, when the percentage was 23.
(Source: Sallie Mae, How Undergraduate Students Use Credit Cards, 2009)
