Giving students some "credit"

There was an interesting article in today's Chicago Tribune on credit cards that are being marketed to college students.
Big debt on campus: Credit offers flood the quad

While it is not surprising, it is nevertheless distressing to see students graduate with significant credit card debt, which often has the highest interest rates. On our campus we have courses on Financial Smarts, a basic primer on safe management of debt. Students everywhere need to be taught about safe debt and toxic debt, and the servicing of debt.