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?
About the blogger
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.