Lyn O’Shaughnessy provides some interesting statistics on how much schools are earning by providing student info to credit card issuers:
Do university administrators feel guilty about encouraging their students to sign up for credit cards that provided kickbacks to their schools?
Last year credit card companies issued more than $83 million to universities, alumni associations and foundations, according to the Federal Reserve report, which was mandated by landmark federal legislation making it much tougher for students to obtain credit cards on college campuses.
Read more on CBS Money Watch, where you’ll find a list of the top 10 colleges that made the most money from such agreements. See if your school is on the list.