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Old 06-18-2007, 05:52 PM
Mendacious Mendacious is offline
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Join Date: Mar 2005
Location: Planet Lovetron
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Default Re: Online poker, and unpaid student loans…

Student loans are a scary thing. The schools and loan companies make it ridiculously easy for students to borrow large sums of money-- often much more than they need or can repay. And, most students simply have no real concept of how difficult it can be to repay the $100k+ they are able to borrow. I am not sure how the gambling community should address this, but it is all too obvious that a HUGE percentage of the online gambling occurring is done by "kids" in college, and obviously a good number of them receive federal loans.

Personally I would consider making it a term of the Federally guaranteed loan agreements that the borrower not engage in online gambling subject to some pretty harsh if not criminal penalties for violating this agreement. And I would extend that until the person begins repayment of the loans.

It is incredibly immoral and harmful to society for anyone to convert a program which is not only intended for one's own, but future generations education to bankroll their gambling.
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