Debit and credit card use is growing on college campuses, but while learning to manage money is a valuable skill during college, some schools may be forcing students into unfair banking situations.

The Huffington Post reported that students on campus are losing money because of unfair or unnecessary fees attached to their bank accounts. The Consumer Financial Protection Bureau (CFPB) recently launched an investigation into college's and their relationship with banks and has found it is not always beneficial to students.

For example, ABC News reported on documents stating TCF Bank, based in Minneapolis, pays the University of Minnesota (UM) about a million dollars per year for various privileges. TCF has a branch on campus, students are encouraged to turn their ID cards into debit cards and their bank accounts are laced with hidden fees.

"I am concerned that some of our colleges and universities, whether well-intentioned or not, may be encouraging or even requiring our young people to use financial products that do not offer the best deals," CFPB Director Richard Cordray said at an agency forum in Washington, D.C. on Monday.

"We're distressed to hear that some students feel pressured to use specific products and may be unaware that when they sign up for those products their schools are secretly making money."

The Higher Education Opportunity Act, passed in 2008, and the Credit CARD Act, passed in 2009, forbade lenders from putting a school's logo or mascot on credit cards. That law does not apply to debit cards, which are what is causing the problems.

Some banks charge inactivity fees, or a surcharge for every time a person swipes without sufficient funds.

In the case of UM, a TCF representative said such fees are rarely an issue and cited that the overdraft fee is typically only ever charged to student cardholders "once or twice a year."

Monday's forum signified the end of the CFPB's investigation into the use of debit cards and checking accounts on college campuses.

Still, plenty of schools have similar deals to UM's with TCF Bank. With other banks, the University of Illinois at Urbana-Champaign and the University of Michigan also allow bank representatives campus access.