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WSJ Your Money Briefing

Companies Are Cracking Down on College Discounts for Non-Students

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 13 August 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Clinging to your old college ID isn’t enough to guarantee a discount anymore. WSJ reporter Mengqi Sun joins host J.R. Whalen to discuss the high tech efforts used to restrict access to student discounts. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Don't you wish your life came with a warning app?

0:02.0

That dog does not want to be petted.

0:04.0

Well, life doesn't always give you time to change the outcome,

0:08.0

but Pre-diabetes does.

0:09.0

Take the one minute test today at Do I Have Pre-diabetes.

0:12.0

Or brought to you by the Ad Council on its Pre-Dib diabetes.org.

0:12.6

Grought to you by the Ad Council on its Pre-Dibities Awareness Partners.

0:15.1

Here's your money briefing for Tuesday, August 13th.

0:20.9

I'm J.R. Whelland for the Wall Street Journal.

0:26.0

For people in school with a tight budget,

0:28.0

getting a student discount can mean less money coming out of their pocket.

0:32.0

But some still try to get the discount after they graduate,

0:36.0

and companies are starting to crack down.

0:38.2

They tap into more than 200,000 data sources, including university registers and other kinds of verification

0:46.1

data to verify if someone is actually a student or not and for sometimes a company might require someone to submit, you know, using facial recognition or

0:58.0

IP address to verify their identity.

1:01.2

We'll talk to Wall Street Journal reporter Munshi's son about high-tech efforts to

1:05.2

restrict student discounts to students. After the break. Don't you wish your life came with a warning app.

1:25.0

That dog does not want to be petted. Well, life doesn't always give you time to change the outcome, but pre-diabetes does.

1:29.0

Take the one minute test today at do I have pre-diabetes.

1:32.0

Or brought to you by the Ad Council and its pre-diabedes dot work brought to you by the ad council

1:33.6

that's pre-diabetes awareness partners.

...

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