Due to increasing costs of college and tighter economic conditions, college students appear to using their credit cards for basic living costs, as well as books, fees, etc.
Credit Card debt levels of college students are at a historical high. Unfortunately, the interest cost on credit cards is generally much higher than other types of debt, such as student loans.
One of the leading causes dropping out of college is financial problems. When financially strapped, students tend to work more hours at their PT jobs to cover their expenses and debt. Unfortunately, their grades can suffer, or they are forced to drop classes.