.....
Like the students who blow their university grant on a car? 
But some have the advantage of falling back on the Bank of Mum & Dad!

My student loan was approx £5.5k per year thanks to London bonus.
1) I never took our a loan year 1 as i saved enough from MY JOBS to pay for my needs.
2) My car at the time was listed as £2.7k (in 2005), i part exchanged my old car and used 2k of my loan to buy the car outright.
Why get another loan when i have the capital? Also define 'blown' i spent less than half of it, on something i required for my studies. My old car was shot, and i needed a new big cruiser to do the 105 mile dailey round trip to my placement.
3) Since leaving uni, i never,
never, asked my parents for any handouts. I pay for my own car maintiance and my fathers!
4) I could rent like everyone else, but i want to buy. So i am saving up for a house deposit. I worked hard at uni to recover from my poor school grades, and i worked hard at my last job. I am now contracting at a rate of £250 per day for Sky.
'Bank of mum & dad' - Does not have Son on its books
