CREDIT CARD NEWS: “A new era in the vexed relationships between colleges, credit cards and students begins Monday, when most of the new provisions of the Credit CARD Act of 2009 take effect. The law provides new protections to students and imposes new requirements on colleges and alumni groups that offer credit cards.”

UPDATE: From the comments: “Why is it OK for students to have thousands of dollars of debt from college, but it is not OK for it to be credit card debt? I guess it is OK for the university system in this country to rape you.”