[Mendacious]

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I work at a university and used to employ lots of students. Most of them blew their refund checks on alcohol, partying, drugs, computers, video game systems, and home theaters. One guy I know bought a motorcycle. Others load up their credit cards and have thousands of dollars of high interest debt. I think the fact that some chose to gamble with their money isn't the issue

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Granted, typically a certain percentage of loan money always goes to things that run contrary to the purpose of the loans. I am not sure that is a good thing, but it is probably a necessary byproduct of making the money available. I think the relevant question is whether gambling with student loan money has reached a point where it is creating a problem which jeopardizes the program or the borrower's futures. If that were to be the case, I would expect the government to respond. I don't know that to be the case though-- which is why in my OP I said "I would consider" making no gambling a provision of the loan agreement.