[Mendacious]

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"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."

Compared to the effect of poor lending practices and government insurance against virtually ANY lender or school risk ? Which do you really think is a bigger problem ?

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I couldn't agree more, but I think what OP was driving at, and my point as well is that it would be a bad thing if online gambling became and easy scapegoat for Student Loan default. People will turn a blind eye towards all the crappy lending practices if they can simply point to online gaming and say-- "see, I told you so"!