A student loan is a lifetime obligation until paid, and, just like any other debt, non-payment is reported to the credit agencies. For many students this type of financial arrangement enables them to complete their education and is a necessity. Students must remember that the more people that default on these loans the less there is for others that need it. Don't let it get to the stage where you will have to default, stay in touch with your loan provider. A student loan will not be discharged, even in bankruptcy, except in a case of extreme hardship, but extreme hardship is considered as having no money except for the bare necessities to live. So, before your finances get out of control, consider student loan consolidation now and lower your monthly payments with a guaranteed low interest rate.
The moment that you land yourself the most coveted first job, do not change a thing about how you live. That is quite simply the best and most foolproof way of staying clear of a student loan debt. If you live simply and follow a frugal lifestyle you can very well keep your expenses at a minimum. It is really only for a few more years to come and you can apply all your additional savings towards your loan. Not only will you save a bundle of cash but you would also be safely rid of any loan repayment worries and burdens.