Add something else to the list - necessary legal documents that every young adult should have: a health care power of attorney, a durable power of attorney (for legal and financial matters) and a will. These basic but important documents are relatively inexpensive to have prepared by an attorney and can save family members a lot of hassle in the event of an emergency.
The health care power of attorney names someone who can make medical decisions. These are legal adults don't forget! (Parents can't even pay tuition without the student signing a waiver). A durable power of attorney will enable a parent or other trusted agent to take care of issues like banking, signing a new lease or dealing with an insurance claim. And a will is a set of instructions about who inherits your stuff - your assets - when you die. (I know, you think college kids don't have much in the way of 'assets,' but most do have jobs and some money in the bank or they could inherit from a grandparent). Putting these in place now could save time and money down the road!