Repost: Debit cards replacing credit cards on college campuses


This is not a credit card offer. Instead, it is a new type of plastic that allows students to easily access money from their college loans everywhere from the bookstore to the bar with the swipe of a card. These cards, however, are not subject to the sweeping reforms that took effect this year and sought to curtail similar relationships between colleges and credit card issuers. Meanwhile, students complain that the loan cards are riddled with high fees, and they have organized protests at several campuses.
Read more:  http://www.washingtonpost.com/wp-dyn/content/article/2010/10/03/AR2010100304352.html?wpisrc=nl_headline&sid=ST2010100304375

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