Why GW students obtained their first credit card:*

Build credit history: 62%
More convenient than cash: 43%
Wanted more purchasing power: 36%
Easy to obtain: 24%
Fill gap between financial aid and cost of education: 24%
Need for living expenses: 21%
Free promotional gift: 18%
Friends have credit cards: 4%

*these numbers are approximate

– taken from a report by Cheryl Beil, director of Academic Planning and Assessment

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