A legislative committee has unanimously endorsed a bill that would bar companies from soliciting undergraduates during class
registration or using gifts and other application
incentives.
The banks and credit card companies would also have to distribute material on debt education and couldn't use college employees to help with the solicitations.
According to a survey by U.S. PIRG, a nonprofit public policy organization, two-thirds of college students have at least one credit card. A quarter of the respondents said they had paid at least one late fee.