College students are using credit cards and getting into credit card debt more now than ever. The average college student has 4 different credit cards and 85% of college students have at least one credit card.

By now we all know that credit cards can either be a great financial instrument or it can be your worst enemy. It all comes down to how seriously you take your financial future and how disciplined you are when it comes to spending money.

The student credit card niche has been a lucrative market for many credit card companies, especially over the past decade. With more than 5 out of 6 college students owning a credit card [84%!] credit card companies are doing whatever it takes to get their cards in the hands of young adults across the United States.

Student loans are a real buzz kill. You graduate college, you have your degree and you get a decent job, everything is looking good. Unfortunately you have 40 thousand dollars’ worth of student loans acting as a giant weight on your shoulders.

84 Percent of college students have at least one credit card; this is up from 50% just 10 years ago. Half of college students have at least 4 credit cards and the average college student has 4.6 cards.

You cannot legally obtain a credit card until you reach the age of 18, but that does open the door for high school seniors to have a card of their own, also there are other ways around this age requirement.

Kids go to college in the United States in search of a degree that will help them land a good job and ensure a high standard of living throughout their lives. Unfortunately 18-22 year old kids are not known for being financially responsible.

Parents and students alike agree that in this modern world, students need a credit card while attending college. It is no longer something that only a lucky few students have; it has become virtually mandatory for college students. With new cards designed specifically for parents of college students, there are plenty of protections built in to these cards for both the parent and student and they offer a number of perks for using them instead of cash.