With the new credit card rules, many parents of college students may breathe a sigh of relief. Firstly, credit card issuers can no longer push credit cards on college campuses as aggressively as before.

With the new credit card law, college students under the age of 21, who don’t have sufficient income, will need a co-signer to get a student credit card.

You would never let junior drive a car without a driver’s license. But have you ever thought about the risks involved in letting him cruise through college with one or more credit cards in his wallet?

Credit cards are a fact of student life these days. And while it’s easy to assume that kids graduate from high school with some basic financial literacy skills, this is for the most part not the case. According to the Jump$tart Coalition for Personal Financial Literacy, the average high school graduate lacks even basic financial management skills.

For most kids, college is the first step into the world of adults, the first time they “escape” parental control and take charge of their own finances and choices. College is a great learning experience in many ways, but for many students it’s also the place where they make their first big, financial stumble-using a credit card to bury themselves in debt.

Stepmoms aren’t all evil. On the contrary, Annie Flannigan of Fairfield, Iowa is here to report, they can be—like, cool.