Comments on: College Sells Alumni Information to Credit Card Companies http://moneysmartlife.com/college-sells-alumni-information-to-credit-card-companies/ Money Tips for a Better Life Fri, 10 Feb 2012 18:59:59 +0000 hourly 1 http://wordpress.org/?v=3.3 By: linklings: I am your father, Luke | brip blap http://moneysmartlife.com/college-sells-alumni-information-to-credit-card-companies/comment-page-1/#comment-194567 linklings: I am your father, Luke | brip blap Sat, 05 Mar 2011 13:51:53 +0000 http://moneysmartlife.com/?p=799#comment-194567 [...] College Sells Alumni Information to Credit Card Companies [...] [...] College Sells Alumni Information to Credit Card Companies [...]

]]> By: Dollar Frugal » Blog Archive » Wednesday Linkings on Thursday http://moneysmartlife.com/college-sells-alumni-information-to-credit-card-companies/comment-page-1/#comment-80389 Dollar Frugal » Blog Archive » Wednesday Linkings on Thursday Thu, 17 Apr 2008 10:15:50 +0000 http://moneysmartlife.com/?p=799#comment-80389 [...] is a great article at Money Smart Life about people selling your info to credit card companies.  This has been a [...] [...] is a great article at Money Smart Life about people selling your info to credit card companies.  This has been a [...]

]]> By: Links: New Redesign Edition http://moneysmartlife.com/college-sells-alumni-information-to-credit-card-companies/comment-page-1/#comment-80046 Links: New Redesign Edition Sun, 13 Apr 2008 16:40:07 +0000 http://moneysmartlife.com/?p=799#comment-80046 [...] Smart Life’s college is selling his information. It’s things like this that make me not active in any alumni [...] [...] Smart Life’s college is selling his information. It’s things like this that make me not active in any alumni [...]

]]> By: Friday Finance Findings For April 11th - SmartyPig Winners Edition : Generation X Finance http://moneysmartlife.com/college-sells-alumni-information-to-credit-card-companies/comment-page-1/#comment-79770 Friday Finance Findings For April 11th - SmartyPig Winners Edition : Generation X Finance Fri, 11 Apr 2008 15:04:39 +0000 http://moneysmartlife.com/?p=799#comment-79770 [...] College Sells Alumni Information to Credit Card Companies - This is something you may want to watch out for if you’re a member of any groups like this. Luckily, I never joined or updated my alumni information, so I haven’t had to deal with being pestered with their junk. [...] [...] College Sells Alumni Information to Credit Card Companies – This is something you may want to watch out for if you’re a member of any groups like this. Luckily, I never joined or updated my alumni information, so I haven’t had to deal with being pestered with their junk. [...]

]]> By: lu3 http://moneysmartlife.com/college-sells-alumni-information-to-credit-card-companies/comment-page-1/#comment-79719 lu3 Thu, 10 Apr 2008 17:54:17 +0000 http://moneysmartlife.com/?p=799#comment-79719 There are probably two things going on here: 1) Many colleges provide that updated information to publishing companies who then prepare directories of alumni and then market them (at ridiculously high prices) to other alumni (most likely sharing the profits with the university). 2) When you receive credit card applications for university-affiliated cards, a small percentage of every purchase made with the card gets rebated to the university -- so the university gets a long-term (albeit small) donation relationship with you. In either case, the university is making money on the deal. There are probably two things going on here: 1) Many colleges provide that updated information to publishing companies who then prepare directories of alumni and then market them (at ridiculously high prices) to other alumni (most likely sharing the profits with the university).
2) When you receive credit card applications for university-affiliated cards, a small percentage of every purchase made with the card gets rebated to the university — so the university gets a long-term (albeit small) donation relationship with you.

In either case, the university is making money on the deal.

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