<p>[Banks</a> Paying Colleges For Students Who Rack Up Credit Card Debt](<a href=“HuffPost - Breaking News, U.S. and World News | HuffPost”>Banks Paying Colleges For Students Who Rack Up Credit Card Debt | HuffPost College)</p>
<p>I don’t like this at all, your thoughts?</p>
<p>Both of my universities have done this for a long time. I think that both had affiliation programs with MBNA. The offer letters were upfront about schools getting money for alumni that use the cards. I don’t have a problem with this, especially if they are upfront.</p>
<p>I get advertisements related to work, existing consumer relationships, etc. It’s my choice as to whether or not I want to enter into agreements with vendors.</p>
<p>The bigger problem is that students don’t know how to manage debt. Students could get a credit card from a random bank down the street or someone marketing to them from an affiliated bank. The financially savvy college student would make the appropriate choice and use the credit wisely. I don’t think that the bank that they choose matters that much if they are unwise with credit.</p>
<p>Back at Boston College, BayBank (large bank in the Boston area that got swallowed up in consolidation many years ago) put out a table outside of McElroy Commons around the beginning of the fall semester signing up students for banking services. BayBank installed an ATM inside the building and there were obvious advantages with going with them for student banking services. I didn’t have any problems with that. Did BC get any money for that? I don’t know. But it was nice to not have to go off-campus to use an ATM or pay fees to use foreign ATMs.</p>
<p>PNC is pretty much the defacto bank on Pitt’s campus, although there are a few others.</p>