Banks Paying Colleges For Students Who Rack Up Credit Card Debt?
Don't miss out on joining nearly 1,500 of your colleagues and peers at higher education's premier planning event of 2010, SCUP–45. The Society for College and University Planning's 45th annual, international conference and idea marketplace is July 10–14 in Minneapolis!
Here's your SCUP Link to "Banks Paying Colleges for Students Who Rack Up Credit Card Debt?"
If this kind of thing is going on on your campus, it might be best to know about it and be ahead of the PR curve:
Some of the nation's largest and most elite universities stand to gain millions of dollars from selling the names and addresses of students and alumni to credit card companies while granting the companies special access to school events, the Huffington Post Investigative Fund has found.
The schools and their alumni associations are entitled to receive payments that multiply as students use their cards. Some colleges can receive bonuses when students incur debt.
The little-known agreements have enriched schools and some banks at a time when young women and men already are borrowing at record levels, raising questions about whether such collegiate and corporate alliances are in the best interests of students.
Labels: resource and budget planning, credit cards, revenue
Society for College and University Planning
