More than $18 billion in federal funding that subsidizes corn and soybean crops, which are changed into the main ingredients in junk food, ultimately are contributing to the country’s obesity epidemic, according to a public interest research group.
Over the past few weeks, a divided Congress came together to deliver for the economy, as well as students and families, by extending the low 3.4 percent interest rate on subsidized Stafford student loans.
Given the history of shady dealings between banks and colleges, Congress needs to take a hard look at the increasingly common practice of schools contracting with banks to disburse financial aiddollars to students.
Consumer advocates have long criticized the amount of fees associated with debit cards. Most recently, a report by the U.S. Public Interest Research Group Education Fund found that hundreds of colleges have partnerships with financial companies to put a student’s financial aid on debit or prepaid cards that carry hefty fees. Under some of these deals, official student photo ID cards can double as debit cards.