GAO: Changes Needed For Student Debit Cards Offered By Colleges, Universities

GAO: Changes Needed For Student Debit Cards Offered By Colleges, Universities

Going to college comes with a new set of responsibilities for students, and one of those responsibilities is being in charge of their own finances. What better way to impart a lesson in finances than giving them access to federal student aid on a prepaid debit card? As the use of such cards is growing in popularity at universities and colleges, advocates are calling for more oversight to their use. [More]