Houston Matters

Are University Debit Cards Misleading Students?

Many colleges and universities have arrangements with banks and other financial institutions to provide students with debit cards. Some function as IDs, some are used to provide students who may not have a bank account with a way to access financial aid. Consumer groups like the Better Business Bureau and the Public Interest Research Group […]

Many colleges and universities have arrangements with banks and other financial institutions to provide students with debit cards. Some function as IDs, some are used to provide students who may not have a bank account with a way to access financial aid. Consumer groups like the Better Business Bureau and the Public Interest Research Group have raised concerns about these arrangements – especially those with one financial institution, called Higher One. Higher One’s first client in such arrangements? The University of Houston.

KUHF’s Laura Isensee and Andrew Schneider join us to discuss concerns over arrangements between financial institutions and universities to distribute student financial aid.

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