Staggering number of college students using student loans to pay for spring break

Jon Street:

With March in full swing, millions of college students across the country are gearing up to head south for a week of alcohol-infused beach parties. And a new study has found that many of those students won’t actually be paying for their relaxing getaway — at least not anytime soon.

LendEdu, a student loan news website, asked 500 college students who are going on spring break whether they plan on using money from their student loans to help pay for their travel, whether it be for lodging, airfare or otherwise. Amazingly, but perhaps not surprisingly, nearly one-third (30.6 percent) of those polled said they did plan to apply at least some of their student loan funds toward their spring break vacation.