I was just thinking about this the other day. Couldn't someone who has never had a good income just go to law school and borrow (via federal loans and graduate plus)- a ton of money and live fat? Get a new car, get a luxury apartment, eat steak and shrimp every day, etc. You could especially do this if you are at a cheap school (under 20k a year) or have a large scholarship. The terms of repayment are such that a reasonable person could comfortably live well arising out of money obtained from borrowing.
This past year I borrowed less than my cost of attendance and am wondering if I was stupid to do so.