[quote=zk]So, unless I’m missing something, your beef is with students who spend their student loan money on things other than education. Sure, that’s not a good idea. But what about a student who wants to live at home and go to, say, the nearest UC or CSU campus? Shouldn’t he be able to get a loan to cover that?[/quote]
Yes, if the school is paid directly for tuition/fees/books on the student’s behalf.