And they believe it because – Free Money!
Bread and circuses – but mostly circuses.
“31% Of College Students Spend Their Loans On Spring Break”
Per a survey of 500 college co-eds, LendEDU found that 31% of students, or roughly 2.4 million kids, admitted to using student loan money to fund their binge drinking trips to Cancun and Daytona Beach for spring break.
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.”
But don’t worry yourselves you silly taxpayers…it’s only $1.3 trillion (and counting) of debt that you’ll soon have to cover.
From Zero Hedge