University Life Money Management Web Site
 

Would you pay $100,000 for your morning cup of coffee? Find out more Tues. Oct 24 Read more

Credit Cards Budgeting Financial Aid Resources

Did you know?

  • Students hold an average of three separate credit cards
  • 78% of students have at least one credit card
  • 32% of students have four or more
  • 95% of graduate students have credit cards
  • The average working American has 10!
  • The average undergraduate student has $2200 in credit card debt
  • Average graduate student has $5800
  • 50% of students pay off balance in full each month
  • 36% said sometimes, 14% said NEVER

2000 Nellie Mae study on credit card spending of college students

 

It’s Your Choice!

Money management is all about choices and whether you let your money manage you or you
manage your money. More and more college students are living beyond their means and
slipping further into debt through credit card spending and consumer loans. Don’t make the
same mistake. Always keep in mind the simple equation:

Never spend more through loans and credit cards than you are able to repay
with the money you have.


This material and some of its resources were derived from an article prepared by Jevita diFeitas,
Director of Student Financial Aid , for incorporation in COMPASS: A Roadmap to Healthy Living,
A CD and web-related resource produced by Mason's Center for the Advancement of Public Health.

HOME | CREDIT CARDS | BUDGETING | FINANCIAL AID | RESOURCES

Page updated: [date]
Questions, comments & suggestions: pcarrett@gmu.edu
Technical assistance: mslover@gmu.edu

 

George Mason University Home Page