Survey Says College Students More Reliant on Credit to Pay for Textbooks

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Almost half of college students surveyed by CreditDonkey.com use credit cards to buy or rent textbooks. 41.5% used student loans to pay for textbooks.

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Over a thousand college students were asked by CreditDonkey.com if they used a credit card to purchase or rent college textbooks. 45.7% said that they did, and 34.8% said that they used credit cards habitually to pay for their books.

To read the full survey findings, visit http://www.creditdonkey.com/textbooks.html

Highlights:

  •     Students are also using student loans to pay for their textbooks. 41.5% said that they have used their loans to pay for books.
  •     Over half, some 58.2% of respondents with a credit card, carry a balance.
  •     Most students, some 60.3% of respondents, usually buy their books online, as opposed to 29.1% who buy their books on campus.

CreditDonkey.com conducted the online survey of 1,041 college students from August 2 to August 27, 2012.

Visit CreditDonkey.com to read the full story on how students are more reliant on credit to pay for textbooks and necessities.

College students and parents can visit CreditDonkey.com for financial tips and deals. CreditDonkey.com helps make credit "donkey-proof" (easy to understand).

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Charles Tran
CreditDonkey
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