This is somewhat old news and it is a nationwide issue and not just confined to Colorado, but it may be news to some. David Migoya reports:
Colorado colleges, universities and their alumni associations pocket millions of dollars a year via lucrative deals with banks and credit-card companies that peddle services to students, faculty and alumni.
By selling coveted mailing lists that can number into the hundreds of thousands of names — and even include athletic boosters and school donors — the schools have set up a never-ending stream of revenue that takes little more than a signature to feed.
Some schools even get a percentage of every credit-card purchase or debit-card transaction a student or alumnus makes, according to copies of the deals reviewed by The Denver Post.
Read more in the Denver Post