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Accession Number PB2014-103936
Title College Debit Cards: Actions Needed to Address ATM Access, Student Choice, and Transparency.
Publication Date Feb 2014
Media Count 63p
Personal Author N/A
Abstract 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.
Keywords College students
Computer networks
Credit cards
Data transmission
Debts
Fees
Financial management
Regulations
Schools
Transparency

 
Source Agency General Accounting Office
NTIS Subject Category 96F - Banking & Finance
96D - Consumer Affairs
92C - Social Concerns
92D - Education, Law, & Humanities
Corporate Author Government Accountability Office, Washington, DC.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1411
Contract Number N/A

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