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"Campus Debit Card Trap" Skims Millions from Students: Report

According to a new report by NJPIRG Law & Policy Center, banks and financial firms have partnered up with hundreds of campuses nationwide, latching their debit cards and other products onto student IDs. The report said over nine million students are at risk for increased debt, as the student debit cards come with high fees and weak consumer protections. Meanwhile, the cards have become a prime source for distribution of financial aid to students.

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Category: New Jersey News, News

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