yes, yes, no The community college I went to opted out of the student loan program because the students were borrowing the money and using it to purchase t.v.'s, video games, and vehicles. Most dropped out after receiving the pell grants and loans and none were paying it back so the school just opted out. Here's a good question, of those with student loans that think they shouldn't be responsible for a decision they made, how many will use their stimulus payment to apply toward the balance on their student loan?