Credit cards and the stuff nobody tells you
These mutually beneficial relationships put students in the middle at a time when many of them are not yet able to budget or fully appreciate the long term effects of debt. Recently, student organizations have been speaking out against the aggressive marketing practices that could harm students in the long run. Even the politicians in Congress have been examining the contracts between academic institutions and banks, as hearings were held about the issue last summer. Banks that have contracts with universities contend that they are providing a valuable resource for students. When students have credit cards of their own, they are laying the building blocks for their credit report and learning how relationships with banks work.