Average Credit Card Balance for Undergraduates

Credit Card Debt for Undergrads

20082004200220001998
Mean$3,173$2,169$2,327$2,748$1,870
Median$1,645$946$1,770$1,236$1,222

(Source: Sallie Mae)

  • Undergraduates are carrying record-high credit card balances. In 2008, 21 percent of undergraduates had balances between $3,000 and $7,000.
    (Source: Sallie Mae)
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