bursar-l: Student Debit Cards

Hello Fellow Colleagues,

I've been told that students can have debit crads issued through their
school for direct deposit of student refunds. Are there any schools that
are doing this and can you give me any information as to how this works.
Does the school market to national banks (I would assume a nat'l bank as
students come from across the states) for bidding? Would it be used soley
for refunds or can students also work study included? I was told that the
cost could be free to the school and the student since the bank would
aquire a substantial number of new accounts with some of them having the
potential to become permanent customers. Are there any state regulations?
(For example, can the student be forced to open an account against their
will). I know nothing about this but I am very much interested in pursuing
this if it proves successful. Thanks for any info anyone can give me.

Olivia L. Gendron, MS
Bursar
Springfield College
263 Alden Street
Springfield, MA. 01109
Phone (413) 748-3183
Fax (413) 748-3483
Olivia_L_Gendron@spfldcol.edu
 

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Received on Fri Feb 15 15:02:17 2008