Dave Ramsey calls it a "stupid tax". Hate you are struggling and all but you did in fact receive something in exchange for someone loaning you money.
I'm not yet struggling. I've maintained a high GPA, so it's clear to my potential employer that I haven't sleepwalked through school, but I can see the writing on the wall.
I do believe that it's easy for people to adopt the hard-nosed approach that you and the other guy a few posts above have adopted, but at the same time, show a little sympathy.
I don't know what you mean by the Dave Ramsey "stupid tax," but I have a feeling I'm not going to like it. Is he relating to college specifically?
I certainly haven't borrowed from private distributors with exorbitant interest rates like many have, but even obtaining loans through traditional means can still be somewhat pricey. Bottom line, if I wanted a college education which is seen as the sole source of success in this country, I had to take out said "stupid tax."
In the end, it's really like this:
If I promised you a shiny, brand new car if you just paid me $5,000 and everything you had previously known about said new car was that it was the best product on the market, you're going to take that deal, because the initial cost doesn't compare to the tremendous longterm benefit of owning such a car.
You get the car, and it's a flaming heap of junk with chipped paint, non-functioning equipment, and ripped seats. You're telling me you won't feel cheated and attempt to get your money back?
I somehow seriously doubt that.
Also, on a somewhat unrelated note:
I don't know how old you are, but how do you feel about social security and medicare?
As a 23-year old, I doubt those benefits will be around when I'm of the age where I can benefit from them, but what are you willing to sacrifice to keep them around for yourself?