University of North Dakota senior Gerbert tells CNBC what he doesn’t like about the “Higher One” debit card, which holds students’ excess financial aid for a charge:
“I don’t like the fact that someone’s taking money from money I borrowed.”
CNBC also asks:
Is it wise to outfit students with a card that lets them access student loan funds with a simple swipe to spend on anything from books and housing to pizza and beer?
Alex Friedrich reports on higher education issues for MPR News. Among the stories he has covered: the fall of the Berlin Wall, aftermath of Hurricane Katrina, collapse of the I-35W bridge in Minneapolis, 2003 Moscow suicide bombing and 2004 presidential elections in the Republic of Georgia. He holds a bachelor’s degree in journalism from the University of Georgia and a master’s in European political economy from the London School of Economics.
Alex Friedrich