The average amount of money owed on the cards exceeds £220, with females in deeper debt than males.
Over one third of students currently carry a credit card, it has been claimed.
According to a new study, a large majority of the people attending university have gone into debt in some way - along with the 37 percent who hold a credit card, 80 percent also have a loan of some sort and 64 percent have an overdraft.
Of the cardholding group, researchers at Halifax found that an average of £220 per student was owed. Women were also found to be slightly more free-spending than men, owing £255.50 on their cards as opposed to £173.20.
Region by region, credit cards were most popular in Scotland, with 44 percent owning at least one. London came in second place, with 41 percent.
The new intake of students beginning the next academic year as freshers face a tougher economic climate than their counterparts did one year ago. The deepening credit crunch has made it more potentially difficult than before for many in this group to purchase cards or take out a personal loan.
Inflation is also currently standing at a 16-year high of 4.4 percent - almost double the Bank of England's target rate. Moreover, items which students spend a proportionally higher amount of their weekly budgets on, such as food and alcohol, have been subjected to even sharper price rises over the past 12 months.
Compare Credit Cards via money.co.uk
