To understand student loans, it is first necessary to understand FFELP. The Federal Family Education Loan Program (FFELP) is “authorized by the Higher Education Act to help students and their parents pay for the cost of higher education.” The key word in this sentence is “help.” As of 2010, a student loan is a direct loan from the government. Student loan debt is perhaps the hardest form of debt to have forgiven. Unless you die, are catastrophically injured, or vanish from the face of the earth, they will make good on the loan. On the upside, FFELP loans have the lowest possible interest rates and have more flexible repayment plans than almost any consumer loans. Highlight this next sentence. They are probably the best loans you will ever get in your life . . .