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Student Loan Debit Cards: Full of Fees




It’s common practice for college students to take out loans larger than the amount of their tuition. Colleges are then required to refund that excess money so students can use the refund to pay for books and other school necessities, as well as rent or other living expenses.

Long lines of students waiting to receive their refund checks from the bursar’s office are a normal sight at the beginning of each semester, but a Connecticut-based financial services business known as Higher One …

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