Business Week reports on many colleges’ increasingly cozy relations with banks. In the most common formulation, the colleges permit their ID cards to double as debit and ATM cards for particular banks, in return, typically, for some portion of the profits.
Parhaps it does work, but as Barmak Nassirian, associate executive director of the American Association of Collegiate Registrars & Admissions Officers comments in the article: “It’s unfortunate that there are colleges that have begun to view every point of contact with students as a potential profit center.”
