WASHINGTON—A new study has found students have an increasing amount of credit card debt and usage as they progress through college.
The report from Everfi shows 34% of students have a credit card in their first year of college, but that jumps to 65% by their senior year, reported LowCards.com.
Moreover, 82% of graduate students have at least one credit card.
In addition, more students also actively use credit cards today. Only 28% of respondents said they actively used their credit cards in 2012, compared to 46% in 2019.
Students are also more likely to have more than one credit card: 25% had multiple cards in 2012, while 45% do now, noted LowCards.com in its analysis.