Many odd facts on secured credit cards
While some may already have credit cards through their parents, the allure of having their own cards is extremely tempting. University and banks have long standing relationships. At a campus in Michigan, Bank of America has a relationship with the college that grants it the right to use student enrollment lists. The university gets a kick back for students who open credit cards with the company. Contracts like these often offer universities even more money, if their students carry balances on those credit cards.