Financial Literacy and Credit Cards: A Multi Campus Survey
Marty Ludlum, Kris Tilker, David Ritter, Tammy Cowart, Weichu Xu, Brittany Christine Smith

Abstract
In America, credit cards on campus have been a disaster, leaving students buried in debt before graduation, often with little hope of paying off the debt before high fees and interest double the amount. This research details a multi-campus survey of current American college students and their use of credit cards. In the current project, we surveyed business students across five campuses in the United States (n=725) in fall, 2009. We found significant differences between students on their knowledge of credit cards and several demographic factors. We conclude by discussing the implications for further research in this area.

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