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Reply to "Canceling $10k of student loan debt is stupid."
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[quote=Anonymous][quote]Anonymous wrote: No one keeps track of how student loan money is spent either. There are many kids who use loans to fund their spring break trips. Hell, while I was in grad school, we had a guy in our program take out $40k in loans so he could buy studio equipment for his side rap career/hobby. I know tons and tons and tons of med students who took out student loans 'for med school' and used it to spend on going out to the bars every weekend, traveling during the summer, and for all other stupid garbage. But yeah, let's forgive it all without tracking how any of it was spent. It's safe to say that at least 10k per borrower went towards tuition[/quote] I would like to know exactly what kind of loans those were. I thought many loans were transferred directly to the college bursar's office for tuition and housing expenses. ??[/quote]
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