ERIC Number: ED421069
Record Type: RIE
Publication Date: 1998-Jun
Reference Count: N/A
Credit Risk or Credit Worthy? College Students and Credit Cards. A National Survey.
Education Resources Inst., Boston, MA.; Institute for Higher Education Policy, Washington, DC.
This report presents findings of a national survey on the use of credit cards by college students. A computer-assisted telephone survey of a stratified random sample resulted in a total of 750 completed surveys. Following a chart summarizing selected earlier studies, the report presents the major findings of this survey: (1) credit card use is a reality for today's students, with 64 percent having at least one such card; (2) most students have reasonable attitudes about how credit cards should be used; (3) most students use credit cards responsibly and do not accumulate large amounts of credit card debt; (4) a significant proportion (22 percent) of students with credit cards have used them to pay for education-related expenses; (5) some students exhibit credit card behavior which could lead to high debt levels; and (6) credit card use among nontraditional undergraduate students differs from that of the student population as a whole. The next two sections of the report consider other important findings and identify issues for further examination, such as the role of credit cards in society and institutional policies governing the acceptance of credit cards as payment. Appendices detail the survey's methodology and provide tables detailing results. (Contains 11 references.) (DB)
Descriptors: College Students, Credit Cards, Credit (Finance), Higher Education, Loan Repayment, Money Management, National Surveys, Paying for College, Student Attitudes, Tables (Data), Telephone Surveys
Education Resources Institute, 330 Stuart St., Suite 500, Boston, MA 02116-5237; phone: 1-800-255-TERI; fax: 617-451-9425.
Publication Type: Reports - Evaluative
Education Level: N/A
Authoring Institution: Education Resources Inst., Boston, MA.; Institute for Higher Education Policy, Washington, DC.