July
30

A 2009 study by Sallie Mae, a leading provider of student loans, concludes that students use credit cards to live beyond their means, instead of for convenience. The study found that 84 percent of undergraduates have at least one credit card, up from 76 percent in 2004. At least 30 percent of them are using credit cards for tuition, and 92 percent are charging $2,200 on average in direct …

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