I remember being shocked last year, when I saw a college freshman’s student ID card was also a credit card- a regular Visa card that could be used anywhere, not just on campus. So I wasn’t too surprised by this thread about student loan money being given out on a credit card.
Colleges, especially state colleges, keep having their budgets cut, so they’re looking for money from everywhere, including credit card companies.
Do I think this is good for teenagers getting their first taste of freedom, not really, but the solution isn’t yelling at colleges, its teaching teenagers about credit.
Tags: college, credit cards, msn money board refugees, not msn money, student loans, your money