BankMobile Breach Delays Financial Aid For Thousands Of California Community College Students

Key Points

• A breach at BankMobile, the banking platform about 60 California community college districts use, affected roughly 65,000 student accounts.
• About 400 accounts had financial aid stolen, and some students have now waited more than a month for their refunds.
• The College Investor doesn’t believe any college should require students to use one payment processor or bank to receive their financial aid refunds and colleges sho...