Student credit big problem, state lawmaker says
Thursday, December 4th 2003, 12:00 am
By: News On 6
(Oklahoma City-AP) -- A state lawmaker wants government agencies to stop selling personal information on citizens who get state services, including drivers' licenses.
Representative Joe Dorman says his bill is the result of a study on the problem of credit card debt among college students.
He says the University of Oklahoma makes about 13 (m) million dollars a year by giving exclusive rights to a credit card company to issue cards with the O-U logo and to take applications on campus. Dorman says Oklahoma State University makes about ten (m) million dollars a year with a similar arrangement.
A recent study found Oklahoma college students have an average of five credit cards and more than 37-hundred dollars in debt.
Dorman says the bill also prevents the Department of Public Safety from selling information about citizens who buy drivers' licenses.
He expects the measure to be strongly opposed by colleges and insurance companies.