Not this again!!!!
As being a Sophomore student (2 years from you) and new driver I chose the smart for my first car that I will not only have but pay for...
I get my license in 2 months so I'm kinda in your area of experience...
My reasons:
1. Price (affordable on the wallet)
2. Size (you don't need a tank to get you to work | parks anywhere and in any position )
3. #'s of seats (more teens = more distractions)
4. Gas (small engine + big mpgs = more money in wallet)
5. Style (something about the smart makes me happy

)
6. Options (Comfort Package, Smart Soundsystem w/ Tweeters and Sub...)
7. Uniqueness (when you park at college many others might have the same car as each other but you will have something else!)
8. Attention (nothing will turn heads as much as a smart)
9. Speed (Who needs 0-60 in 5 seconds anyway?)
10. Meets and clubs (big event in the midwest this summer!

)
Need I add more positives?