Online poker, and unpaid student loans…

[jackaaron]

In the not too distant future, there is going to be an enormous spike in the number of student loans not being paid off as a result of so many college kids that used student loans to fund their accounts (and of course lost that money).

Is this true, or false?

If true, what ramifications does this have on the poker industry (I put this in legislation mostly because of the possible political ramifications)?

I realize that, every year, many students default on their loans. But, take those people, and add to them poker players that could easily borrow as much as 20k or more extra (over four years) over top of money they use for tuition and books, they then lose that money, and not have a way of paying it back.

My main point for asking is I have an acquaintance that pretty much did just what I speak of. And, he told me he got the idea from a host of other dudes that lost everything. I knew people were using inheritance, but I hadn’t thought about all the student loans that someone in college could use.