[jhpaul]

In the US, an 18 year old is too young to drink, old enough to vote, old enough to send to war, old enough to be tried as an adult in a court of law, and too young to rent a car.

It seems our age of majority is already an arbitrary measure.

Unless students are educated in financial literacy and professional life as part of the curriculum, I'm not sure we can expect them to be making competent, experience-based decisions on the cost benefit of education on a 20+ year timescale.

And that's not to mention that many loan providers use predatory tactics, including the companies that administer federal loans.