Growth of Credit Cards on College Campuses

As more and more college students across the country take out credit cards each year, some colleges have tried to cash in on this trend by striking deals with card issuers. These contracts give credit card companies exclusive rights to market on their campus or at specific events. The credit card company does pay the College a royalty.

They also offer student internships at their office during the summer.

The staggering number of credit cards in circulation exemplifies the crisis, as does the numbers of cards carried by the average student, some colleges have tried to cash in on this trend by striking deals with card issuers. These contracts give credit card companies exclusive rights to market on their campus or at specific events. Colleges can earn millions of dollars every year by granting companies exclusive access to their students.

The growth of credit cards on college campuses has tended to minor the credit saturation found in the general public. The increased number and type of credit cards on university campuses has seen an explosive level of growth in the past decade, with most credit card companies targeting college students. What remains still unanswered is what effect credit card circulation among college students has had on the financial attitudes, behaviors, and outcomes of young Americans.