- 91 percent of undergraduates are paying the minimum amount, or more on all of their credit cards each month.
(Source: Sallie Mae, How Undergraduate Students Use Credit Cards, 2009)
Average Student Credit Card Payments
| % Making Monthly Payment | Average Monthly Payment | |
|---|---|---|
| Students | 64% | $168 |
| Parents | 28% | $259 |
(Source: Sallie Mae, How American Families Pay for College, 2010)
