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Thanks To Obama, Taxpayers Are On The Hook Again
by EasTexSteve
Mar 11, 2017
In a nationwide survey, LendEDU asked students whether they were planning to use any loan money to help pay for travel or lodging for Spring Break. What they found was that nearly 31&37; said yes. That translates into nearly 2.4 million students, who will be using at least some of their student loan money to help pay for drunken revelries in Miami, Daytona, Cancun, the Bahamas, or wherever else college kids go for Spring Break.

The survey also found that substantial numbers of students admit to using student loan money for things other than education: 24&37; say they've used some of the money to pay for alcohol, a third for clothing or to eat out, 7&37; to pay for drugs, and 6&37; to gamble.

As IBD noted recently, the amount of student loan debt on the federal government's books has shot up by 125&37; since 2008. The entire increase is due to the fact that Obama nationalized the student loan program in 2010, cutting out private lenders and having t...See More
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