That's fine, IF you have the savings to pay off the loans completely if you had to do so. Heck, I might even do it myself -- make some money off the interest of the covering money and deduct the interest I pay.

I personally think that ol' Ronnie Reagan didn't do the Middle Class or the poor any favors, and the folks since then have done even fewer. But then again, I think that if there aren't some changes and hope continues to erode there will be blood in the streets.