Though some may praise the efforts of new laws protecting students from potential credit card debt, others can see there may be a problem with it.

In a recent article in the Wall Street Journal, Nessa Feddis, vice president of the American Bankers Association, said that due to tightening federal restrictions limiting credit card availability to people under 21, some may eventually find it harder to secure a loan.

The reason is that having a credit card is one way students can build up a credit history, which lenders will examine when deciding whether to issue loans.

"It may be harder when you graduate to get a car loan or an apartment because you’ll have what’s called a thin file," Feddis told the paper.

The new stipulations come from the passage of the Credit Card Accountability, Responsibility and Disclosure act, which requires those under 21 to get a co-signer when they want to get a credit card.

Other states have also instituted their own measures when it comes to limiting how credit cards are marketed to students. Both Connecticut and Illinois have recently passed bills that deal with credit card marketing. Stipulations concerning students in the federal bill take effect in February of next year.

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