Speaking of the chance he used student loan money...
A friend sells new cars at a car lot.
In pops a 20ish young man who has no job, no income stream, no credit, but wants to buy a brand new vehicle.
When questioned, he said no problem, I have student loan money to pay for it.
Good speculation there, guys.
I know 2 college students who are renting apartments in NYC and have spending money with their students loans.