"Loaned to me"? Great education you're getting.
Credit that is lended to me, there is no guarentee, from the lender side, that I will repay. That's the risk.
Use credit lines and/or loans to pay my current expenses and everything that I make at my job goes straight to student loans. Once that is paid off, file bankruptcy on the rest of my consumer credit and start life debt free.
Don't see a problem here.
None at all. After all there's no commandment that says "thou shall not steal".
Money you're borrowing without any intention of repaying.
So when you sign the agreement stating you will repay, you'll be lying? Whatever. rationalize it to yourself. You're right, this has nothing to do with ethics. Absolutely nothing.
Actually the only promisorry note I've signed is for student loans. As far as consumer credit, nada. Well credit card companies are lending, better to call it opening, me a certain credit line at an interest rate, argue whatever you want on the terminology.
Still there is no guarantee I will pay back whatever I get opened on my credit line because how could there be? I can lose my job, get my hours cut at work, lose some of my salary, etc. This is why credit scores and other metrics are used to evaluate a person's credit worthiness, and depending upon how solid that is the more money that is available to use at a lower interest rate.
You want to argue over the ethics of using credit, that's a different story. But since I'm already in the credit system, I have to work within it.