As this chart from Campus Technology illustrates, the electronic device owned now by the most college students is the cell phone. Close behind is the laptop. The chart is from a Snapshot: Personal Electronic Devices Owned by Students. This look at what college kids are doing also reports that:
most students spend up to five hours a day on the Internet, with a fairly even distribution between personal and school use, and e-mail remains the most popular communication tool and the preferred method of contact for all school purposes.