posted on Mar, 2 2013 @ 03:53 PM
I think the argument against pushing credit cards/debit cards and seriously blurring the lines between those distinctly different things is a valid
At the college I attend, the College ID card IS a debit card. MasterCard branded. I was required to get this pre-paid card the first semester I was
there when I hadn't even heard of FAFSA yet and was 100% cash pay. It wasn't useful for much, since I chose not to use it. However, by simply
enrolling and getting the school ID, it opened an account for me in the bank they've co-branded with that I could "charge" with whatever I wanted
to set up to add on the prepaid card. The account and card wasn't optional. Just my decision whether to make use of it.
Once I started in earnest with full time + credit hours on FAFSA, it's the mechanism ..and ONLY option that I understand, to get my refund
disbursements. They drop onto the School ID card like magic (if I didn't know so much better after life experience with CC's) for a few thousand at
a drop. The school even allows the School ID/Debit Card to be used in the Student Store for a $200 credit against student loan expenses in
of load disbursement. Handy....and isn't it a dandy thing, they had game consoles there for right about that price too. I saw one sell
while I was in there getting basic school stuff. He paid the bulk with the advance and the remainder for tax with another card.
What was even more telling was my math class here a few days ago. I don't mind admitting I'm in remedial math. English may be my strong point but
Algebra is an exotic animal someone needs to make extinct.
The thing was, the instructor had asked for a show of hands on how many had balanced a
check book or even knew how to ....and only about 4 out of 25 raised their hands.
The conditioning all this is carrying is just a negative overall thing, IMO.