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Credit-ED Mon, May 21, 2007 AddThis Social Bookmark Button

By Jennifer Dewalt, CardTrak.com

An annual poll finds that only half of today's upperclassmen are confident about their ability to handle their financial responsibilities after graduation. However, 92% of upperclassmen feel that credit card education is very important for college students. The national survey of college juniors and seniors by Citi Credit-ED also found that most upperclassmen insist that they consistently pay their bills on time, but about half acknowledge that they could do a better job of managing daily spending. Nearly half of those surveyed believe that their current spending habits will not have a major impact on their credit report in the future. The majority of upperclassmen continue to view their parents as positive financial role models as well as a reliable source for both financial information and support. Besides parents, those surveyed are also relying heavily on banks, financial institutions and the Internet, as a source for information -- with 69% of upperclassmen turning to these resources for guidance, compared to 51% in 2006. For more information visit: http://www.Students.UseCreditWisely.com