Student Loan Application - Decline

I was referred to go to ABSA for a Student Loan by a friend who had been assisted. Went there very hopeful and gave them everything and everything has a story. Migrating from Self Employed to employed, having lost almost R500K and had the liability. Paid the business full overdraft account already to the value of R85K and at present all things being up-to-date. I am being SMS repeatedly for New Offers and things that I qualify but then when I accept the offer, I get told immediately that I do not qualify. I then contacted the Credit Bureau (Transunion) and spoke to a lady, Olive who says that she cannot find anything wrong with my Profile. The ABSA Consultant calls me back today because of the Cape Consumers and Standard Bank loans, Cape Consumers was settled in February 2014, I have a settlement letter , I have 2 Standard Bank Accounts, one settlement letter in my possession and the other being paid every month. The PROBLEM I HAVE IS THE FACT THAT I WAS APPLYING FOR A STUDENT LOAN FOR MY DAUGHTER WHO HAS BEEN PASSING WITH DISTINCTIONS, WHY CAN I NOT GET A STUDENT LOAN, WHY MUST SHE BE DISADVANTAGED. THIS SAME BANK SENT ME A LETTER FOR A PERSONAL LOAN. THE SYSTEM IS A JOKE.