Antitrust College/Bank Financial Aid Partnership Investigation

We are investigating claims against colleges and banks for improper fee sharing arrangements related to students’ financial aid disbursements. In a recent report by the United States Public Interest Research Group Education Fund, it was found that over 900 colleges have partnerships with banks where the bank pays money to gain access to students’ financial data and administer students’ financial aid and other finances. Students are provided debit cards to access their funds, but these cards carry many fees. Fees can be steep and frequent for students using the university-adopted cards, including a variety of per-swipe fees, inactivity fees, overdraft fees, ATM fees and fees to reload prepaid cards.

Have you used or are you using a debit card with access to your financial aid? Do you believe your college has an exclusive partnership agreement with a single on-campus bank? Contact us by filling out the form below:

  • Please list the name of the institution that you claim engaged in an improper fee sharing agreement.
    Any information that you submit will be maintained as confidential. If Squitieri & Fearon, LLP, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Squitieri & Fearon, LLP will contact you to discuss the matter and whether to establish an attorney client relationship.