GAO: Actions needed to address ATM access, student choice and transparency

General Accountability Office calls on Congress to take action related to banking on college campuses

The General Accountability Office (GAO) has released a new report on banking and pre-paid debit cards at colleges and universities, and it calls on the Congress and the Department of Education to take action to solve three keys areas that their report takes issue with.

In recent years, campus banking relationships have faced scrutiny following a critical report by the Public Research Interest Group (PIRG) that said the programs take advantage of students. The GAO report looks at the fees that the programs charge students, ATM accessibility and the programs’ transparency – or lack thereof. According to, a publication on campus cards and college and university identification and security, industry experts are not surprised by the report’s conclusions and most responded favorably to the GAO’s report over the PIRG analysis, saying that particular report was “highly judgmental.” Still an issue, however, is the problem of differentiating student banking and financial aid dispersal.

Contributing Author

author image

Alexis Harrison

Alexis Harrison is a Connecticut-based writer and public relations professional whose career spans both print journalism and broadcast news. Alexis started her professional life as...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.