<prompt> Human: Ive heard of situations where kids get some loan proceeds deposited into their account and they blow it on Spring Break or booze and drugs. How does that happen? Isnt the bank supposed to pay the school directly?So my question is this. Say that you are a very very responsible and disciplined borrower and need a loan of 100k. Would one be able to get a student loan that you dont have to repay for say 5 years and use that money as float or short term investments that can yield more than the interest charged and then pay it back when you graduate? Obviously there are personal risks involved but I always thought that the bank pays the school directly but now see that kids blow 50k of loan money on useless nonsense. How is this possible? Does the bank not check where the money is going?  <response>: Its against the law, and will destroy you when you get caught. 