jonny5
DP Veteran
- Joined
- Mar 4, 2012
- Messages
- 27,581
- Reaction score
- 4,664
- Location
- Republic of Florida
- Gender
- Male
- Political Leaning
- Libertarian
https://lendedu.com/blog/spring-break-student-loan-study/
In our first question, we asked respondents: “Are you planning to use money received from student loans to help pay for your spring break trip this year? (Including spending on hotels, airline ticket, etc.)”
According to the LendEDU poll, 30.60% of college students with student debt claim that they are using money they received from student loans to help pay for their spring break trip this year. For reference, you can use student loan funding for living expenses.
Nearly a quarter (23.80%) of respondents stated that they have used money received from student loans to pay for drinking some type of alcohol. This answer also included spending money at bars.
A third (33.40%) of students answered that they have used money received from student loans to pay for clothing and other accessories.
Similarly, the same amount (33.40%) of students said that they have used money received from student loans to pay for restaurants and take-out.
6.60% of respondents responded saying that they have used money received from student loans to pay for drugs.
Finally, 5.60% of students that participated in our survey stated that they used money received from student loans on gambling or sports betting.
If you believe polls, this is just yet another example of why things are not as the politicians keep trying to convince you. Some people are not struggling to pay for college, and do not need student loans. Some people are taking advantage of the gullibility of tax payers who fund education grants and loans. And this is all the more reason we need to get rid of federal education loans and make people work for what they want or get their handouts from private citizens who dont mind being taken advantage of.