February 14, 2014
Report Criticizes College-Affiliated Debit Cards for Students
College-affiliated debit cards offer convenience and other benefits to students and colleges, but too little is known about the fees users are charged and the revenue received by colleges, according to a report released on Thursday by the Government Accountability Office.
At least 852 American colleges have agreements with banks or other financial companies to provide debit- or prepaid-card services to their students, and most allow
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