I had five Stafford loans between 1994 and 1998. Only one was subsidized, but like a dumbass, I let the interest compound and turned a 3k loan into a 6k loan. Chalk it up to an expensive lesson in economics. Anyways, I am still playing em off, it's not that hard. Although, I don't know what I would be eligable for these days all things being the same. I was still able to deduct the interest (not much to make a real difference this far out) even this year.
I envy all those kids who's parents were nice enough to save and sacrifice for years to give them the free money for college so they could go and drink, screw, and not study...