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Somebody explain to me why college students have new cars? If they can afford new cars, why do they "need" college?
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I had the same question 500 years ago when I was in college and it was the same then as now: row upon row of new chariots in the college parking lots. I wondered what they knew that I didn't??? Because all
I could ever do was work really low paying jobs that in no way, shape, or form could support a new car purchase. So it was from the very beginning that I had beaters that were at the very end of the hand-me-down list.
It was much after graduation that it was revealed to me that not only were Mommy and Daddy buying many of these cars (my suspicion all along) many were funded by student loans which at that time were defaulted upon with amazing regularity and minimal consequence to the borrower. But that's OK, the taxpayer is always there to suck it up.