IOWA CITY - The Iowa Board of Regents is investigating the relationship between the state's three public universities and Bank of America. At issue, marketing the bank's credit cards to students.

While alumni associations at Iowa and Iowa State say they stand to make millions for their schools, many students say credit card solicitors have no place on campus. For a college student, a credit card can be a scary thing. The fear of owing money. And the fear of not being able to keep up with payments.

"I don't want to have the responsibility of having to worry about paying the bills at the end of the month," said Britta Lundstedt, University of Iowa Freshman.

Students say they're flooded with credit-card offers each semester. And now, their school, the University of Iowa, could be partially to blame.

The school provides student information to the Alumni Association, which in turn, gives it to the Bank of America. It's called the Iowa Rewards Program. But because of the regents' recent investigation, the Alumni Association would not speak about its method of recruitment. Only that you will not find these rewards any other place.

"We hope that a lot of people will find the Iowa Reward program something they are interested in, get the card and start redeeming points for all good things Iowa," said Chris Bavolack, Alumni Association.

As you use the card, you earn points toward things like a VIP tour of Kinnick Stadium or the chance to travel with the Hawks to a bowl game. But, when it comes to school spirit, the Iowa attorney general's office says students should be careful.

"Shop around and find the best deals for credit cards, not take advantage of free offers for T-shirts and other things that require you to sign up for a credit card," said Bill Brauch, Consumer Protection.

Because while Iowa rewards might sound like a good idea, some students say digging yourself out of debt doesn't.

The Iowa Attorney General's office says more college students dropout due to credit card debt than for academic reasons.