There is no federal law that protects pension proceeds, only Social Security. Once the money hits the account, you need state law protection or it is fair game.
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I agree with the answers above.
I would just add that you should at lest speak to a bankruptcy attorney. While you can not discharge student loans in a bankruptcy (except in very rare circumstances), you may have other debt that you could get rid of that would allow you to pay your student loan. A bankruptcy attorney will be able to discuss all of your debt with you and help you determine what your options are.
Many attorneys offer free consultations.
Legal disclaimer: This communication is for information purposes only and does not represent legal advice or an attorney-client relationship.