Sunday, October 16, 2022

And what political party controls (owns) the banks and universities?-----A watchdog found colleges are weaseling students into forking over more money to use certain banks for financial aid. Some are fasting, giving up textbooks, and lighting candles to save on bills.

A watchdog found colleges are weaseling students into forking over more money to use certain banks for financial aid. Some are fasting, giving up textbooks, and lighting candles to save on bills.
"Colleges will often enter agreements with banks to give financial aid to students.
But the CFPB found those agreements can come with significant fees for students who sign on.
Those unnecessary expenses can come from overdraft fees, inactivity fees, and out-of-network ATM fees.
  • College students are probably familiar with the sight of a bank handing out free t-shirts, snacks, and other swag to get them to sign up for a bank account. 
  • But a new report shows there might be a more sinister side to the banks lobbying on campus for students' dollars...

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