College student performance and credit card usage

Over 1000 students at 3 college campuses in the Northeast were surveyed. The sample was evenly divided by gender. Eighty percent of the sample was traditional students. The original sample was reduced to 260 students having at least one credit card and was classified into groups as high or low academic performers. The groups did not differ in terms of the number of credit cards and outstanding balances; however, they differed significantly in the level of anxiety felt from carrying debt, perceived need to work, and perceived impact of employment on academic performance.