5 ms·

Credit card debt can be for anything. Student loans are only for education. No one's trying to subsidize your new car, only something that's important to societ

• ejb999 4y ago
  >>Student loans are only for education. Nice try, but not true - you get the loan, you can do what you want with it as long as you stay in school...rent, spring break vacations, food, entertainment etc. none of that has anything to do specifically with education.
  • Jcowell 4y ago
    When I went to University, I never directly touched the loan. It always went directly to the university. I couldn’t have taken it to go to spring break even if I wanted to.
  • IceMetalPunk 4y ago
    As someone who graduated with $60k in student loans, thank you for mansplaining to me how student loans supposedly work. Some loans go directly to the schools. Others do get disbursed to the student. But you said a key phrase in your own comment: "as long as you stay in school". Money is fungible. If I get paid $5,000 in student loans and use that to buy a computer, but then I have to pay $5,000 out of pocket for tuition, that is identical to me paying for tuition with the student loans. The second I decide to stop paying tuition, the loans stop as well. So it doesn't matter what a student spends the check on directly, as long as they're using that money and paying tuition, the student loan is being used for education.