Student loans are not able to be discharged in bankruptcy, is that right? Assuming so, what will be the likely result if the current situation keeps up for say 5 years - no job means no payments on the student loans, and at even a low rate of interest, not making payments on the loan for 5 years will greatly increase the amount due.

Some amount of defaults/resetting will be likely - the question is, who will take the haircut when the loans are not repaid?