We ask for parent's or friend's number for college students because, when you use slice to make payments, we make the full payment for you so you can pay us over time on your terms using a Monthly Payment Plan. So basically we are placing a whole lot of trust in you. We need your parent’s and friend’s number to verify that you really are the person you claim to be. We only confirm a few details like name, age, college, year and place of residence. We never reveal what you intend to buy.
We do not inform your parent about your application, unless very very necessary. Parent has been informed in less than 1% of the cases until now.