My student deferment expired when the U decided that I wasn't qualified to attend. The Army called (1972). Instead of being drafted (#32), I enlisted. Went to Germany instead of Nam. Spent 21 years in service (11 active, 10 reserve) and "retired" as MSG (can't retire as 1SG).
I'd support the draft. But with only one deferment. Medical. If you're not physically fit, then you don't have to serve in the active service. Any other deferment is subject to abuse.
No job deferment.
No student deferment.
No family deferment.
No CO deferment.
Just my (as someone else here always adds) $.02