The Supreme Court announced that it will hear a case involving repayment of student loans. Here's the skinny: a borrower filed for Chapter 13 bankruptcy. He claimed he couldn't pay back his student loans but didn't produce evidence that doing so would cause undue financial hardship. (Not everything is "erased" if you file for bankruptcy...) As The Chronicle of Higher Education notes, the case is about whether or not "students can avoid repaying their federally backed student loans without showing that making the payments would cause them financial distress or 'undue hardship.'" The rulings so far have gone back and forth and conflicted with rulings in other circuits.
Check back here for information when a ruling comes down. In the meantime, if you're worried about your student loans, you may want to check out these 4 ways to reduce your monthly payments by About.com Guide to Money in Your 20s.