Sep 252010
 
 September 25, 2010  Misc, Youth & Schools

This is somewhat old news and it is a nationwide issue and not just confined to Colorado, but it may be news to some. David Migoya reports:

Colorado colleges, universities and their alumni associations pocket millions of dollars a year via lucrative deals with banks and credit-card companies that peddle services to students, faculty and alumni.

By selling coveted mailing lists that can number into the hundreds of thousands of names — and even include athletic boosters and school donors — the schools have set up a never-ending stream of revenue that takes little more than a signature to feed.

Some schools even get a percentage of every credit-card purchase or debit-card transaction a student or alumnus makes, according to copies of the deals reviewed by The Denver Post.

Read more in the Denver Post

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