We’re shocked
July 28, 2008 | alternatives, personal finance | Comments (0)It’s back to school time and credit card companies are targeting students. From the Christian Science Monitor:
While families are struggling to put together a college finance package to limit student debt, their good intentions are being undermined. Many universities and alumni associations are consorting with credit-card companies to encourage college students to sign up for credit cards and, more recently, debit-student ID cards.
Some universities and alumni groups engage in exclusive agreements with credit-card companies, selling their student lists, allowing use of their trademarked logos, and granting access for on-campus marketing, featuring gimmicky giveaways of food, sports toys, and clothing upon completion of a credit-card application.
The Payday Pundit wonders why there are no congressional hearings.
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