> The average adult will never get a personal loan in the hundreds of thousand dollars. As a matter of fact, bankers will refuse to give you such a loan unless

> The average adult will never get a personal loan in the hundreds of thousand dollars. As a matter of fact, bankers will refuse to give you such a loan unless you have a carefully planed path with return in investment. > But for a young lad, fresh out of high school, dumb as a thumb, a signature is all it takes to have a loan. Of course a kid sees no problem with it. Even the smart kids are convinced. This is messed up. And it probably only happens because you cannot discharge student debt through bankruptcy. You are in debt for life (or until you finish paying). This type of situation also reminds me of people who pay thousands in rent every single month, but are not deemed credit-worthy enough to get a mortgage for the same or even lower amount (in monthly payments), thus getting stuck renting.