US Colleges Sell Lists to Banks

October 6, 2006

A USA Today article this week notes that, “despite rising concern about college students' debt loads, the nation's largest four-year colleges are disclosing students' contact information to credit card-issuing banks and earning up to millions each in annual fees by giving the banks the right to market on campus.” The partnerships are legal, since campus directories are deemed “public information,” but some states are attempting to restrict credit card marketing to students. (Full story at http://www.usatoday.com/money/perfi/college/2006-10-01-bank-fees-usat_x.htm )