Get the Facts

EDFUND says “Credit Cards – EASY DOES IT!”

Managing your financial wellness at any time in your life is a significant responsibility.  For college students who are just starting down the path to financial wellness, it can be even more difficult to start out on the right foot.  Consider the following facts:

  • 80% of college students have at least one credit card by the end of their freshman year.
  • 52% of recent graduates report owing $10,000 to $40,000 in student loan debt.
  • In 2003 about 100,000 people under the age of 25 declared bankruptcy.
  • $184.00 is the average monthly payment of a four year grad carrying a student loan balance of $23, 485.
  • The average senior graduates with approx $3000.00 in credit card debt.
  • Bachelor degree students earn 80% more than high school graduates.

Source: NASFFA and Indiana Dept Of Financial Institutions

College Students and Credit Cards

  • Average number of cards per college student is 4.09
  • 43% have four or more cards
  • 43% obtained first card as a freshman
  • 72% of sophomores had credit cards
  • 16% owe between $3,000 and $7,000
  • 7% owe more than $7,000

Source: 2005 Nellie Mae Study of Undergraduate Students and Credit Cards

There is no better time than now to start managing your money
and practicing sound fiscal responsibility.

Featured in Plymouth Magazine

Example Image

Round the Track

It’s been a long 30 years for supporters of Plymouth State’s track and field program, but the wait is finally over. For the first time since 1985, PSU’s track team hosted a meet December 12 at the new ALLWell North facility, which features an NCAA regulation 200-meter track, long- and high-jump pits, pole vault, and a weight area. For […]

Example Image

Panther Pride: Ski Hard, Smile Big

Freydis Holla Einarsdottir ’19 came this close to competing in the 2014 Winter Olympics in Sochi. Since coming to PSU, she’s been posting top finishes for the women’s ski team, and in March she became the first woman in Plymouth State history to compete in the NCAA Championships, the biggest race in collegiate ski racing. […]

Example Image

¡Bienvenidos a Cuba!

PSU professor and her students discover the challenges and joys of visiting Cuba » Political science professor Filiz Otucu Ruhm always dreamed of going to Cuba. In fact, she planned on visiting the island more than a decade ago. “The social scientist in me wanted to observe Castro’s Cuba, then go back after Castro, and […]