Thank you for your question.
Although I cannot tell you what to do, you may want to consider the following;
It is not likely that they will stop coming after you for their money, especially if any of the money is in federal student loans. It is more likely that your creditors will take you to court in order to obtain judgments against you. In the event this occurs, the judgments will be good for approximately 10 years. During this time, your creditors may be able to attach to your assets. In the event you do not have any assets, they may be able to garnish your wages or attach to your income tax refunds.
Otherwise, you may consider whether the have some of this debt discharged in bankruptcy. However, with the new bankruptcy laws, it is VERY hard to get student loan debt discharged.
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Whether to file bankruptcy is a decision that is very specific to one's financial condition. You may need to have your finances reviewed by a bankruptcy attorney who could discuss what type of bankruptcy you would qualify for and the ramifications of each specific to your situation. Given these facts, bankruptcy may be your best option
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