Imagine you are 18 or 21 years old, and you go into a Mercedes Benz or BMW dealership and want to obtain an auto loan to buy an $70,000 car with no real work or credit history. Do you really expect you'd be approved?
Then why the fuck would any lending agency approve an 18 or 21 year old for a $70,000 student loan?
Oh yes, that's right.. because you can Never Ever default from it
See: http://ants-and-grasshoppers.blogspot.com/2011/09/why-you-should-never-go-to-college.html
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