No, it's explicitly earmarked for, among other things, room and board and miscellaneous personal expenses. See 20 USC 1087ll. Drunk parties on weekends seem like they could be funded out of either of these categories, or indeed from the partiers' own funds.
I see you're quoting a law that you don't actually understand. First, it isn't specific to student loans, rather the intent is to guide institutions on how they should determine student need. That helps determine the amount given by pel grants and how loan amounts may be calculated.
See? You were a poorly-informed, knee-jerk, anti-poor-person Republican and didn't even know it!
None of that. I'm anti-stupid. I get that this deeply offends you, but that's not my problem.
The poorly-informed part you had in spades if you didn't know you were supposed to borrow the money, invest your earnings instead, and thereby come out very much ahead.
The law you cited very clearly states that it's intended to cover the cost of attendance. The personal expenses mentioned are intended to go towards that end, not partying. I see that you disagree because that's how you spent yours, but that's just why you ended up the way you are.
And it wouldn't surprise me that your tax bill is huge given this evidence of blind assumptions and terrible financial planning. Are you gonna tell me "that money has to come from somewhere" when I start to explain that you've no idea whether you'd be bailing anyone out rather than just taking their money as government profits?
No, it's much more simple than that: I bring in an income on a W-2 as regular wages, and it gets taxed. I don't run a business so there aren't any accounting tricks I can use. Besides, in about six months my net worth is going to breach the seven figure point. That's not what bad financial planning looks like.
Having six figure student loan debt and no material assets because you decided to party during college while gaining no marketable skills is what bad financial planning looks like.
In case you haven't noticed, there's still plenty of room for additional restrictions on SNAP and housing voucher use that the judgmental could demand.
Don't worry, I have no intention of compromising your only income sources. Though to be totally honest, I think you'd be better served in a halfway house because then at least somebody will hold your hand. If you don't get help at Charter, please, get help somewhere.