Should private student loans be forgiven after 10 years of military service? Why hasn't the government done anything about this?

The entire system needs to be changed. Education should not be that expensive. You shouldn't have to sell ten or twenty years of your life for four years of college. It's getting out of hand.

No. It's your loan, your obligation, and has nothing to do with your military service. There ARE however, student loan repayment programs associated with enlistment bonuses. If you didn't take advantage of these programs, that is also on you. Bottom line is this: you borrowed the money, it is your responsibility to pay it back.

Private loans...forgiven for governmental service? How about forgiving my house note after 20 years? If you loaned me 10K how would you feel if after ten years you got a letter from the government saying you were SOL? You took the loan of your own volition, it's on you bud. If you wanted it paid back, you should have taken SLRP (and by choosing a service and MOS with SLRP) and it would have been done paid in three. College is overpriced, it should be corrected, But banks will always make loans, if it is a loan to pay overpriced tuition, it is not really the banks fault. You might have a case of Entitlementitis...