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Ulterior Motives May Lurk Behind New Debit Card for Federal Student Loan Borrowers - Opinion Piece

January 16, 2019

Lewis Mandell writes: But there are also potential downsides. For instance, the federal government and the card-issuing bank could monitor student spending habits in ways that could lead to restrictions on purchases. Banks might also use intimate data on student spending habits to sell them an array of profitable products after they graduate.

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