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Ulterior motives may lurk behind new debit card for federal student loan borrowers

  • Written by Lewis Mandell, Professor Emeritus, Finance Department, School of Management, University at Buffalo, The State University of New York
Ulterior motives may lurk behind new debit card for federal student loan borrowersNew debit cards being issued by the U.S. Department of Education could be used to track student spending.sakhorn/www.shutterstock.com

The U.S. Department of Education is about to pilot test a new debit card for students who get federal student loans.

For the federal government, it means less hassle and a way to get a glimpse at whether students are...

Read more: Ulterior motives may lurk behind new debit card for federal student loan borrowers

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