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College Credit Card Statistics
Information and data on National average charge-off rates, UCMS Charge off
average, Average balance
owed on credit cards, Students who pay
100% of their bill and have zero balance, Percentage of
students without a credit card and more are below
| National average
charge-off rates: |
5.8% of
receivables |
| UCMS Charge off
average: |
2.18% of
receivables |
| Average balance
owed on credit cards: |
$885 |
| Students who pay
100% of their bill and have zero balance: |
55% |
| Percentage of
students without a credit card: |
27% |
| Percentage of
students with their parents' card: |
45% |
| Percentage of students that keep their first credit card |
70+% |
| Number of
students enrolled at four-year colleges: |
9,900,000 |
| Average number
of cards per student: |
2.8 |
| Number of
issuers that sell cards to students: |
13 of 15 |
| Number of card
solicitations students receive: |
25 to 50 per
semester |
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Statistics are updated 06-01-2008.
Common usage trends for "Student Use of Credit Cards":
Please contact 'United College Marketing Services' if you need further explanations of these numbers.
Jennifer Homan
United College Marketing Services
jhoman (at) ucms dot com
2021 Midwest Road, Third Floor
Oak Brook IL 60521
630-705-5555
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