Credit Card Companies Pimps For Universities To Underwrite Bloated Budgets

"The Debt Trap - Unspoken link between credit cards and colleges" from the New York Times reports on the shocking relationship between universities and credit card predators who underwrite the bloated college and university budgets with their inticing advertising to students to incur debt. 

Hundreds of colleges have contracts with lenders. But at a time of rising concern about student debt — and overall consumer debt — the arrangements have sounded alarm bells, and some student groups are starting to push back.

The relationships are reminiscent of those uncovered two years ago between student loan companies and universities. In those, some lenders offered universities an incentive to steer potential borrowers their way.