In July, the Federal Reserve issued its required 2011 annual report on college credit card agreements. The report examines agreements between credit card issuers and higher education institutions and certain affiliates, such as alumni associations. It shows that the number of open college credit card accounts at the end of 2010 declined by 17% from the end of 2009. This includes cards that are opened by students as well as others, such as faculty, staff, or alumni.
The report also lists all agreements between credit card issuers and higher education institutions, including the number of open accounts and total amount of payments by each issuer.
