College Students and Credit Cards
Dolores Kong

As if paying for student loans or trying to find the
first job after graduation isn't tough enough.
College students carry an average balance of more
than $2,000 on their credit cards, with some
carrying as much as $7,000, according to Nellie Mae,
a leading national provider of higher education
loans. To get out from under the debt as quickly as
possible, don't just pay the minimum monthly amount,
and reduce what you charge each month. For more
tips, go to
To figure out how long it'll take you to pay off a
balance based on your monthly payment and interest
rate, go to