By Nadine Elsibai, Aggie News Writer
College students? average outstanding credit card balance dropped in 2004 to its lowest point since 1998, according to a recent study by federal loan issuer Nellie Mae.
At $2,169, the outstanding balance for the 18 to 24 age group surveyed is 7 percent less than what was reported in 2001. Vice President of Marketing for Nellie Mae Marie O?Malley attributed the decrease to young people?s increased general awareness of credit responsibility.
For this complete story, please visit College students curb credit card use, decrease debt.
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