Online poker, and unpaid student loans…

[jackaaron]

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Personally I would consider making it a term of the Federally guaranteed loan agreements that the borrower not engage in online gambling subject to some pretty harsh if not criminal penalties for violating this agreement. And I would extend that until the person begins repayment of the loans.

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I agree. Also anyone receiving a student loan should be barred from spending money on all other forms of gambling, drinking, smoking, fast food, pretty girls, vacations, ...

When you borrow money from the Government they should own you.

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They should also post federal marshalls outside of student loan recipients' dorms to ensure said students don't stay out too late, and to ensure they're in class on time. They can also ensure recipients don't attempt to go to Vegas. After all, adults cannot be trusted to make their own decisions. Government should do that. Just ask Stalin, Mao, or Kyl.

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This isn't specifically for the post I'm quoting, but I hope that my orig post isn't meant to be a dig at college students using loans for poker.

I really was just wondering about the repercussions over the next several years.

I realize that those same students could be using the money for other things entirely if online poker didn't exist.

But, when a fun trend emerges (such as online poker), I think that you have not only the students that would normally use student loans for things other than tuition, books, rent, BUT a large group of people borrowing for online poker ADDED ON to that first group.

We're not talking like a few thousand...most of us know that you can get additional loans over the course of your 4 years that total more than 20k (maybe more), and that's completely separate from your tuition, books, etc. loans. I'm not talking overage here.