Drop out rate due to debt / financial pressure
|
7.22%
|
Drop out rate due to academic failure
|
5.32%
|
Percentage of students with a credit card from their parents |
70% |
Percentage of students with a checking account: |
89% |
Percentage of students with a Savings account: |
12% |
Students that have a debit card |
68% |
Students that know what a FICO is: |
11% |
Students that have a credit card they applied for themselves |
48% |
Average balance owed on credit cards: |
$1050 |
Students who pay late once per year and are assessed a junk fee penalty: |
58% |
Students who pay late twice per year and are assessed a junk fee penalty: |
27% |
Students who pay late three times per year and are assessed a junk fee penalty: |
25% |
Average late fee on student credit card |
$29 |
Students with cell phone plan under parents plan: |
73% |
Students with secondary cell phone plan: |
12% |
Number of direct mail credit card offers: |
17-60 per semester |
Average traditional adult FICO score |
535 |
Average student FICO score |
680 |
College credit card banning in person promotions: |
1280 Schools |
| College credit card affinity programs with Univerity approval (for alums and future alums i.e. Frosh, Soph, etc) |
4700 |
Disposable income per student |
$17,000 |