Colleges got $83.5m in card deals
Associated Press / October 26, 2010
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NEW YORK — Colleges, alumni associations, and related groups were paid $83.5 million last year under 1,004 agreements with credit card companies, according to the Federal Reserve.
Schools and affiliated groups were generally paid for each account opened. Of the agreements reported, about 40 percent were with colleges, 33 percent with alumni associations, and the rest with other organizations.
The agreements resulted in the opening of about 53,200 accounts. The report does not specify how many accounts were opened by students; some may have been opened by faculty.
The three agreements that resulted in the largest number of account openings
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Colleges got $83.5m in card deals
NEW YORK — Colleges, alumni associations, and related groups were paid $83.5 million last year under 1,004 agreements with credit card companies, according to the Federal Reserve. (Associated Press)
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