PIRG in the News

Media Hit | Student Debt

Debit Cards on Campus

Given the history of shady dealings between banks and colleges, Congress needs to take a hard look at the increasingly common practice of schools contracting with banks to disburse financial aiddollars to students.

Media Hit | Higher Ed

U.S. PIRG: College students overpaying for campus debit cards

College students are finding their scarce dollars eaten up by fees on the cards, which many schools are using for student IDs and to disburse financial aid, according to a new study by U.S. Public Interest Research Group.

Media Hit | Higher Ed

Campus debit cards can carry downsides

Consumer advocates have long criticized the amount of fees associated with debit cards. Most recently, a report by the U.S. Public Interest Research Group Education Fund found that hundreds of colleges have partnerships with financial companies to put a student’s financial aid on debit or prepaid cards that carry hefty fees. Under some of these deals, official student photo ID cards can double as debit cards.

Media Hit | Higher Ed

Students Lose When Financial Aid Goes Onto Fee-Laden Debit Cards

Thought the student loan crisis was bad as it is? Now add hefty fees into that mix. Providers say students can avoid the fees that pile up when they elect to receive their financial aid on a debit card, but new research from a consumer advocacy group finds that these companies throw up roadblocks to keep the fee revenue rolling in, even as colleges make big bucks off their affiliations with these institutions.

Media Hit | Higher Ed

A Run for Your Money

The Diamondback Editorial Board wrote their editorial about the importance of the doubling of student loan interest rates in July. It's always great when the campus paper, student government, and our Congressional Rep. understand the importance of investing in higher education and our future. Check out the full story:

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