This is just the tip of the iceberg..
WASHINGTON (AP) The federal government will erase much of the debt of students who attended the now-defunct Corinthian Colleges, officials announced Monday, as part of a new plan that could cost taxpayers as much as $3.6 billion.
This only applies to people who took out student loans to attend Corinthian Colleges - and if you did, you'd know about this plan already. This the ONLY case of "sub-prime" student loans. Calling it sub-prime is pretty misleading too, because the fraud has nothing to do with the creditworthiness of the borrower, but that the College lied about a lot of it's ability to make people employable after school, which is kind of a major factor in repaying student loans.
Don't stop paying your student loans, they'll always be there until you pay them off.