LOL Student Loans are not welfare. You have to pay them back, the interest rates are not exactly bargain, and there is NO WAY out of them unless you have some sort of catastrophic health issue. I say again, NO WAY OUT. Not even bankruptcy.

I could not get my student loans consolidated because the cards were stacked against me, so I had to pay three lenders back because OU thought it wise to borrow from multiple lenders for reasons that still dumfound me. Well, they all came calling at the same time and I was faced with 3 payments instead of 1. Bewteen late fees and interest increases my 18k loan went to 30k in around 1 year. I actually had to get my Senator involved to stop this.

Anyone who says a student loan is welfare is crass. Giving someone undeserving of credit (or their parents) a loan they will be paying back for the next 20 years in exchange for an education benefits the government far more the laon recipient.

When you defualt on a student loan guess what? You still have to pay it back, and now your credit is shot. The Man will garnish your paychecks and your IRS return. The government will get their money, unless you disappear and work under the table.