[Mendacious]

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I fail to see the significance of your post. This is the Legislation forum. Are you proposing legislation to control how college students spend their loans? I don't think you'll find any support here (at least not from me) for adding to the government nanny state. I have no problem with adding a clause to the loan contract stipulating that the money won't be spent on illegal drugs, gambling, alcohol, prostitutes, or other items but, like UIGEA, this is just a feel-good measure.

Cheers.

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Yep, that is pretty much what I was saying-- assuming OP's comments about loan defaults is true.