[Celarnor]

> ... but you don't hear a lot of stories of "I wanted to go to college but couldn't get a loan". Almost everyone gets approved, regardless of their future ability to pay it back.

This is absolutely not the case. Student loans have caps and they're incredibly easy to hit, especially if you go to a 5-year school where you're expected to pay tuition while doing 6-month internship blocks. Lots of people I knew in college (myself included) had to drop out in the first 2 quarters of year 5 because they couldn't get enough money to finish.

Edit: Just checked to see what the cap was at these days. Back when I was in school, the unsubsidized loan max was 27k. Now its 31k. https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsid...

[etskinner]

I think the point of the parent comment was to say that people never get denied because of credit history, choice of major, etc. in the way that they might be denied for a credit card.