> Meaning if the loan defaults the government pays the creditor? Yes. And therein lies the problem insofar as I'm aware, because you then owe the money to the

> Meaning if the loan defaults the government pays the creditor? Yes. And therein lies the problem insofar as I'm aware, because you then owe the money to the US government and you cannot declare bankruptcy on the US government. You can escape paying a ludicrous mortgage or car loan or what have you by declaring bankruptcy. You cannot do the same with the US government, which will garner your wages for all you're worth for the rest of your life if you don't pay back your student loan.