Here is a link to a great discussion forum for students with loans who want to stay updated on all the latest news; you can also ask questions:
If anyone posts on that group, please mention our blog.
A reader of this blog contributed the following article.
Leaving the Country:
If you have students loans that are so high, it is a mathematically impossibility to pay back, you may have to leave the country.
The reasons for switching from Sallie Mae to Direct Loans are many, but let’s start with the first one: Direct Loans will FORGIVE the loan balance after 25 years of payments… even if you are on an “Income Sensitive Payment Plan”.
Now, 25 years may seem like a long time to have such a massive amount of non-dischargeable debt (some chiropractic graduates have as much as $200,000!!), but Sallie Mae will NEVER forgive the loans. In my opinion, this is basically a debt prison that you can’t ever get out of.