College students would be protected from dubious credit card, debit card and checking account offers under new recommendations from the Obama administration’s top consumer watchdog.

The Consumer Financial Protection Bureau (CFPB) is considering new guidelines to help colleges in selecting banks to partner with and offer financial services to their students.

The CFPB will publish a draft edition of the Safe Student Account Scorecard in Tuesday’s edition of the Federal Register, kicking off a public comment period.

{mosads}“An important issue for young people is how best to manage their money while they are still in school,” CFPB Director Richard Cordray said in a statement. “Because of the influence schools may have on the financial products students choose, we are working to arm them with the information they need to negotiate safe and affordable products for students.”

Colleges and universities often endorse loans, checking accounts, debit cards, credit cards, and prepaid cards from local banks: more than 850 schools promote debit and prepaid cards from local banks as of 2013, according to the federal government.

The scorecard is intended to help schools make sure they are promoting financial services that will not take advantage of students. It would include information about the fees for these products, and how much money the bank and the school receive, among other things.

“Our goal is to help students get the best deal available on these kinds of products,” Cordray said.

The public has until March 9 to comment.