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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Michael Hagerty

Michael Hagerty

Senior Producer, Houston Matters

Michael Hagerty is the senior producer for Houston Matters. He's spent more than 20 years in public radio and television and dabbled in minor league baseball, spending four seasons as the public address announcer for the Reno Aces, the Triple-A affiliate of the Arizona Diamondbacks.

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