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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
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612-822-4611
College debit cards: ÿactions needed to address ATM access, student choice, and transparency: report to the Chairman, Committee on Hea

College debit cards: ÿactions needed to address ATM access, student choice, and transparency: report to the Chairman, Committee on Hea

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General Reference

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ISBN10: 1973953730
ISBN13: 9781973953739
Publisher: Createspace
Published: Jul 26 2017
Pages: 64
Weight: 0.38
Height: 0.13 Width: 8.50 Depth: 11.00
Language: English
A growing number of colleges and universities have entered into agreements with financial firms to provide debit and prepaid card services for students. As the number of agreements has grown, questions have arisen over fees and issues such as student choice. This report examines (1) the functions of college cards and the characteristics of schools and card providers offering the cards; and (2) benefits and concerns regarding these cards. GAO reviewed relevant federal laws and regulations, developed a tally of card agreements by reviewing industry reports and school and provider websites, and analyzed data and interviewed officials from federal agencies, banks and other financial firms, students, and industry and consumer groups. GAO selected nine schools (which vary by program length and sector) for extended interviews and data collection.

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