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Average college credit card debt rises with fees, tuition

Source: USA Today Posted By: Santa H...4668 days ago

As college costs soar, students are charging more educational expenses to plastic, helping boost credit card debt to record levels.

A new study to be released Monday by Sallie Mae, a college-financing company, finds that the average undergraduate carried $3,173 in credit card debt last year, the highest level since Sallie Mae began collecting this data in 1998. In 2004, the last time the study was done, students carried an average of $2,169 in card debt.

The higher the grade level, the greater....

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