A controversial program at the City Colleges of Chicago to put student loan refund money on pre-loaded debit cards now has enrolled about 6,300 students from all seven campuses.
The program started last fall at Kennedy-King College in Englewood. At the time, students complained they felt they had been forced to sign up for the debit cards to get their loan money. The cards, provided by JPMorgan Chase, carry high fees for withdrawing money, checking balances and talking with a bank teller.
While those fees remain, students from several campuses say they have the option of getting their money direct-deposited into their own bank accounts so they don’t have to deal with the debit cards.
Check the rest of the report by Peter Sachs on Chi Town Daily News.
No comments:
Post a Comment