Survey: College Students Confident about Financial Shrewdness

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Majority of college students feel responsible enough to use credit cards according to a new survey by

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In a new survey by, 84.7% of college students surveyed said they feel responsible enough to use a credit card, even though 3 in 10 don't have a credit card. conducted the online survey of 1,041 college students between August 2 and August 27, 2012.


  •     30% got their first credit card at age 18
  •     60% were approved for the first credit card they applied for, while 28.1% said they never applied for a credit card
  •     78% were aware that student loans cannot be wiped out in bankruptcy

"I was pleasantly surprised at how savvy today's college students are," says Charles Tran, founder of "In particular, it was refreshing to hear that 1 in 4 would be willing to pay a financial literacy fee to support a college's financial literacy program."

"College students are also appearing less reliant on credit, with 60% of respondents primarily using their debit card for day-to-day expenses, as compared to 16% who pay with a credit card," shares Tran.

Visit to read the full survey findings. helps make credit "donkey-proof" (easy to understand). College students and parents can visit to find student credit card deals and tips.

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Charles Tran
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