PayPal Student Debit Card

Has anyone received an email stating that the student debit card service was closing? I received an email that states: Effective November 15, 2016, all student Accounts will be closed, and any remaining funds in them will be transferred to the associated parent’s PayPal account. Are they really terminating this program or is this a spoof email? I just reordered my sons debit card and it arrived last week!

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