No, You should have thought about it before you took the loans. That is partly my tax money and you can pay me back. I took out loans when I went to college but I opaid it all back, on time too. No this was a ploy by Obama from the very beginning to take over student loans from lending institutions. Thereby controlling it from within the government. That way there would and are more than 1.2 trillion dollars in student loans owed to the US tax payer. Sure, just forgive the whole amount and burden the tax payer for it. Saul Alinsky would be proud. Do not our America go down without a fight.