1. Their boyfriends are literally living with us. One of the girls has a boyfriend that's like 26 years old and another one has a boyfriend that goes to school here.
1a.  The two couples freaking hate each other so they've managed to pull us into their drama. Personally, I don't give a crap what they're fighting about, as long as it doesn't involve me or my roommate.
2. My roommate and I are light sleepers. We also have later classes than they do. We've talked to them about keeping it down in the morning, but they're obnoxious so they haven't really put any effort into it. Now, the 26 year old boyfriend is telling us that we should take sleeping pills and/or drink alcohol so we can sleep better. I can't believe he can even suggest that. I'm trying to keep my GPA at 4.0, just because it took him 6 years to graduate from college, doesn't mean it should take me that long. I hate him because he acts like he owns the apartment and he's doing us the favor by letting us live here when it's really the other way around.
2a. We've heard the other couple having sex several times and they shower together...noise echoes in the bathroom, so I don't really care what they're doing as long as I can't hear it. I've confronted her about this but her reaction to my confrontation was asking her boyfriend "Did we do anything this morning? I don't think so..." Uh, Sorry, but I definitely don't walk around hearing sex noises in my head.

I'd also like to note that neither of the boys pays us rent AND it's illegal for them to be actually living here. The 26 year old has a job, but he still asks us to pay for stuff that he wants. Like last week, even though we have plenty of trashbags, he wanted us to pay him to go get bigger trashbags because that's more convenient for him. He ended up buying like 36 trashbags for $8 when he could've gotten it for like half the price. He's constantly barging in our room to bitch about the other couple. My roommate and I are afraid to confront him because since he hates the other couple so much, he's resorted to peeing in their shower gel and stomping on their belongings.

I want to report them to Housing at school so they can get kicked out of my apartment, but my roommate's afraid of the consequences...like they find out we reported them and they do something to us. Yes, it's bad to go behind their backs, but they haven't really given us any type of consideration and lately it's only been getting worse. The apartment has already been incredibly tense. The couple that has loud sex isn't talking to anyone in the apartment anymore and the 26 year old guy and his girlfriend just come into our room to bitch about the same thing over and over again. We're sick of being taken advantage of but we're afraid to do anything about it. They're just incredibly rude and inconsiderate. What would you guys do?

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i would totally snitch on them and tell them your situation so your bad roomates are kicked out too

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What they said.

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Where there is great love, there are always wishes.

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tell him 2 stfu or gtfo. doesnt sound so hard 2 me.

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Well I can't really do that considering what he's been doing to the other couple. We're literally afraid of him.

If you name is not on the lease then move.  If it is, suck it up until  the lease is over and move.  In the meantime try to communicate in a mature and non-spiteful manner to resolve it.  We all learn the hard way.  Everyone seems nice until you live with them.