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Graduate Students and Credit Cards – Interesting Report

This has nothing to do with technology, but it’s cool if you’re into numbers and such. Nellie Mae just published “Graduate Students and Credit Cards” – it’s a report on how graduate students in the US use credit cards. Two interesting factoids from the executive summary.

  • The average outstanding balance on graduate student credit cards is $8,612, an increase of 10% from the 2003 average of $7,831.
  • As has been true in previous studies, students attending school in the Midwest region of the country tend to carry the highest credit card debt.

Not surprisingly, MBA students tend to carry the highest balances among grad students, with an average debt load of nearly $14,000.

Read the whole report if you’re so inclined – it’s interesting.