THIS INCIDENT OCCURRED AT ABOUT 9:30PM ON THE NIGHT OF 9/21/11. THE FAILURE OF THE AIR BAGS AND STEERING OCCURRED ON NJ STATE ROUTE 78 WEST, ABOUT 50 FEET BEFORE THE RAMP TO ROUTE 31. THERE WAS NO TRAFFIC CONGESTION ON THE ROAD, AND VISIBILITY WAS GOOD. I WAS FULLY AWAKE, AND WAS FAMILIAR WITH DRIVING THIS ROUTE ON A DAILY BASIS. WHILE I WAS DRIVING MY 2005 CHEVROLET COBALT HOME FROM COLLEGE, MY VEHICLE LOST POWER STEERING RIGHT BEFORE I GOT ONTO THE RAMP. KEEP IN MIND THAT MY VEHICLE WAS TRAVELING COMPLETELY STRAIGHT AT THE TIME WHEN THE POWER STEERING LIGHT CAME ON, AND ABOUT HALF A SECOND LATER MY VEHICLE BEGAN SPINNING TO THE RIGHT. BEFORE I COULD SLOW DOWN OR STRAIGHTEN THE CAR, MY VEHICLE HAD ROTATED ALMOST A FULL 90 DEGREES TO THE RIGHT. AT THIS POINT THE RAMP HAD STARTED, AND THUS TO AVOID HITTING THE GUARD RAIL ON THE RIGHT SIDE OF THE ROAD I MADE A STRONG EFFORT TO TURN THE WHEEL TO THE LEFT AND STRAIGHTEN MY CAR. I SUCCEEDED IN TURNING THE WHEEL TO THE LEFT, AND THUS STRAIGHTENED MY CAR OUT UNTIL MY CAR THEN STARTED TO SPIN TO THE LEFT, AND BOUNCED OFF OF THE GUARD RAIL ON THE LEFT SIDE OF THE RAMP AT APPROXIMATELY 40MPH. A COUPLE SECONDS ELAPSED FROM WHEN THE POWER STEERING LIGHT CAME ON, TO WHEN MY CAR HIT THE GUARD RAIL. AFTER THE CAR BOUNCED OFF OF THE GUARD RAIL, IT CONTINUED TO SPIN FOR ANOTHER 270 DEGREES, AND CAME TO REST ON THE NARROW SHOULDER, PARALLEL TO THE ROAD. THE AIR BAG DID NOT DEPLOY, AND AFTER I SHUT THE CAR OFF AND TURNED IT BACK ON, THE POWER S