[TheEngineer]

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Or maybe they should just forego the loan contract altogether and just give away all the money to anyone for any reason.

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Loans are made semester-by-semester. They are dependent on the student staying current on bills and on passing classes. That's the ONLY interest government should have in the matter, IMHO.

If students gamble it away, they'll only hurt themselves, as they will have to repay their loans with interest. The system protects itself without demanding students account for every dime.

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Frankly Engineer, I thought you were a little smarter.

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Now you're going to insult people who disagree with you? Frankly, you sound like one of the prohibitionists, arguing that adult college students cannot control themselves, and therefore require the federal government to do it for them. Sorry, but if they're old enough to die in Iraq, then they're old enough to handle their loans.


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It would be pretty stupid and irresponsible to ignore this as an issue if in fact it is prevelant.

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You sure do like to call people stupid. Also, you're using a Spencer Bachus-type argument in that you state the worst case, with no evidence of it being an issue, then put the onus on us to show that it is or isn't an issue.