There are always going to be people out there (regardless of how they got their money, be it welfare, student or bank loans, wages, etc) who will not spend so "wisely". Yet, our society hasn't collapsed! That is because those people tend to be a minority. I suspect the student you refer to came to the tabloid media attention, after all, they tend to paint students in a very negative way, yet without students, we wouldn't have teachers, engineers, social workers, journalists etc etc, and more importantly (with relevance to this site) we wouldn't have doctors at Christies. Students get get the loans regardless of parental income or their own income from part-time jobs or savings. I suspect the students who spend money on DVD players for cars, play stations etc, are the ones who could afford it due to mummy and daddy topping up the bank accounts of their little son/daughter. The ones relying on loans alone, who spend in this way, I doubt will be able to complete the course anyway, and will soon learn a lesson in the art of debt/money management. Just like those work or claim benefits who take out loans/credit cards etc.

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