How much do credit-card companies pay colleges and their affiliates to faciliate marketing to students?

Sometimes a good bit, according to this annual CFPB report issued recently. Chris Morran over at the Consumerist has this analysis of the report, and he lists the 10 biggest payouts to colleges and alumni associations in 2012:

1. Penn State Alumni Association: $2,742,743 from FIA Card Services, N.A.
2. Alumni Association of the University of Michigan: $1,800,000 from FIA Card Services, N.A.
3. University of Southern California: $1,505,550 from FIA Card Services, N.A.
4. University of Tennessee: $1,428,571 from Chase Bank USA, N.A.
5. California Alumni Association (Berkeley): $1,353,450 from FIA Card Services, N.A.
6. General Alumni Association of the University of North Carolina at Chapel Hill: $1,250,000 from FIA Card Services, N.A.
7. Association of Former Students of Texas A&M University: $1,209,702 from FIA Card Services, N.A.
8. The University of Georgia Foundation: $1,157,737 from FIA Card Services, N.A.
9. Yale University: $1,140,000 from Chase Bank USA, N.A.
10. Boston College: $1,100,000 from GE Capital Retail Bank

Leave a Reply

Your email address will not be published. Required fields are marked *