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People aren't allowed to drink or even smoke now till 21. Seems logical. So why do we expect a 17 year old to have the financial knowledge and understanding to take out a loan that could buy a house in a not so cheap city? With zero education about finances (they are not generally taught in schools). The availability and government guarantees of such loans are hurting everyone except these schools that are making bank while offering education of highly questionable quality.


The reason is the same that they can enlist in the military, that is something desired by the people making the laws because it has some utility.




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