How to turn financial aid into munchies, booze — and fees
University of North Dakota senior Gerbert tells CNBC what he doesn't like about the "Higher One" debit card, which holds students' excess financial aid for a charge:
"I don't like the fact that someone's taking money from money I borrowed."
CNBC also asks:
Is it wise to outfit students with a card that lets them access student loan funds with a simple swipe to spend on anything from books and housing to pizza and beer?
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