Arrests for student loan defaults

[xsubsailor]

I wonder why it's only in Texas.

U.S. Marshals Are Arresting People in Texas Who Have Outstanding Student Loans.

 

 

http://nymag.com/daily/intelligencer/2016/02/us-marshals-forcibly-collecting-student-debt.html

[A.J. Holst]

1 trillion is student loan debt, 17% + default rate, 6 million more college grads than college grad jobs, tax refunds seized, wage garnishments approved but the only way to make them pay is physical force by guv'mint.

[Patrick Henry]

Are they arresting illegal aliens with student loans?

[Sam1]

Are they arresting illegal aliens with student loans?

 

 

No, because they get to go to school free.   

[Caster]

I'm cool with it. When you take a loan, you're agreeing to pay it back. Refusing to pay it back is NOT 'sticking it to the man' it's THEFT. Theives should be in prison.
Pretty cut and dry.

[Pete123]

This won't stand if they are arresting them for not paying.  An important principal in the development of America was that debtor's prisons like they had in England wouldn't fly here.  

 

I'm not saying that it is ok to default on debt.

 

_______________________________________________________

 

After writing the info above I did a little research.  They will arrest people for debt.

Edited February 17, 2016 by Pete123

[Ski]

That's pretty scary. Debtor's prison was outlawed in this country well over a century ago. I found one the links (see below) from that article interesting. Since it's not unheard-of for process servers to lie, it's not that far fetched that an honest person misses a court date for a civil offense. I would expect the complainant to win a default judgement, but that would be subject to reversal if the defendant can demonstrate lack of personal service. IANAL, but that article was the first I've ever heard for someone being jailed for failure to appear for a civil mater. Of course willful defiance might warrant a contempt of court charge, but it's not going to help pay the debt if the debtor is in prison. All of that said, federally backed student loans seem out of control. I don't know what the cap is, but federally backed student loans should probably be capped at a lower amount than is current. Let them find a private lender that's willing to take the risk and knock their socks off. https://www.themarshallproject.org/2015/02/24/debtors-prisons-then-and-now-faq#.kF513uZ6g

[MrsMonkeyMan2500]

It's stupid to me to lock someone up and jail them and have to pay for their 3 squares and burden the system more. This is where people like Mike Rowe are really correct in saying skill trades should be something that's heavily considered before enrolling in college.

I have a cousin who's a perfect example of it. 3 semesters at UT where she partied and slept more than she went to class. She's still $40,000 in the hole and has no way to pay it back in the manner expected.

I agree with Ski. Privatization of loans would make it harder to obtain and therefore we'd have people pursuing trades they can still make a good living at versus 4 years for a degree where they're still living in the basement at 30.

[suspiciousmind]

I'm cool with it. When you take a loan, you're agreeing to pay it back. Refusing to pay it back is NOT 'sticking it to the man' it's THEFT. Theives should be in prison.
Pretty cut and dry.

It's not that cut and dry in my opinion. These companies are financially ruining young people that want to pursue a quality higher education. It's pure greed in exchange for a dream. It's a different climate. It isn't "back in the day" when you could pay for schooling with a spare job.

I regret going to college because of the debt. It is really s*itty to say that, and everyone in my generation that isn't blessed with wealthy parents feel the same.

[WindHawk]

1 trillion is student loan debt, 17% + default rate, 6 million more college grads than college grad jobs, tax refunds seized, wage garnishments approved but the only way to make them pay is physical force by guv'mint.

 

Think they're all holding out for a Presidential Pardon?  Bernie has already "promised" to make public colleges and universities tuition free.  Maybe they're hoping it he'll include retroactive debt forgiveness in the new socialist USA.  They see that our politicians already eagerly handing $$$$$ to illegals and want to "forgive" them for breaking our laws; why not personal debts?  Way too many of that generation have never been made to accept responsibility for anything. 

 

There is a reason the "millennial generation" is lining up behind Sanders; it's all about his promises of "FREE whatever..."  But don't ask them to define "socialism" or tell you how it "works". 

 

Can't believe us old geezers still think that asking for and accepting some else's money creates a legal and moral obligation to repay them.  I'm just old fashioned I guess.

[gjohnsoniv]

Think they're all holding out for a Presidential Pardon? Bernie has already "promised" to make public colleges and universities tuition free. Maybe they're hoping it he'll include retroactive debt forgiveness in the new socialist USA. They see that our politicians already eagerly handing $$$$$ to illegals and want to "forgive" them for breaking our laws; why not personal debts? Way too many of that generation have never been made to accept responsibility for anything.

There is a reason the "millennial generation" is lining up behind Sanders; it's all about his promises of "FREE whatever..." But don't ask them to define "socialism" or tell you how it "works".

Can't believe us old geezers still think that asking for and accepting some else's money creates a legal and moral obligation to repay them. I'm just old fashioned I guess.

Not all of us are like that. Unfortunately a large percentage are.

[Omega]

It's stupid to me to lock someone up and jail them and have to pay for their 3 squares and burden the system more. This is where people like Mike Rowe are really correct in saying skill trades should be something that's heavily considered before enrolling in college.

I have a cousin who's a perfect example of it. 3 semesters at UT where she partied and slept more than she went to class. She's still $40,000 in the hole and has no way to pay it back in the manner expected.

I agree with Ski. Privatization of loans would make it harder to obtain and therefore we'd have people pursuing trades they can still make a good living at versus 4 years for a degree where they're still living in the basement at 30.

As I see it, what you said about your cousin is the problem.  Many kids choose to go to certain colleges due to their party status ranking, not their educational ranking.  I have no sympathy for the ones that squander the opportunity partying and end up in debt.

 

Though I honestly feel education today is overrated, it does you no good if you take courses in basket weaving expecting to find a job afterwards.  I got lucky, all three of my kids have their Masters and are using their education in their profession.  While I helped some, they had to secure loans, grants and scholarships to graduate.  There was no way I could afford two in Vanderbilt at the same time on military pay.  My son went to Austin Peay but got his Masters at the University of Iowa , where he got a full ride due to his grades.  All three are paying off their loans, and even I had a student loan after I retired from the military which I paid off.

[E4 No More]

I'm cool with it. When you take a loan, you're agreeing to pay it back. Refusing to pay it back is NOT 'sticking it to the man' it's THEFT. Theives should be in prison.
Pretty cut and dry.

 

So we should go back to debtor's prisons? Yeah, right.

[Ugly]

The Feds took over student loans. This is the start of a new norm for people owing the government money. Stand by for the ACA fallout and subsequent round up of those not having "affordable" qualified healthcare.

[A.J. Holst]

The Feds took over student loans. This is the start of a new norm for people owing the government money. Stand by for the ACA fallout and subsequent round up of those not having "affordable" qualified healthcare.

The Fed got into the student loan biz to fund the ACA (in part)

They saw the profits generated by private originators and servicers and assumed a guvmint agency would be just as efficient and profitable as the private sector.

[E4 No More]

It's not that cut and dry in my opinion. These companies are financially ruining young people that want to pursue a quality higher education. It's pure greed in exchange for a dream. It's a different climate. It isn't "back in the day" when you could pay for schooling with a spare job.

I regret going to college because of the debt. It is really s*itty to say that, and everyone in my generation that isn't blessed with wealthy parents feel the same.

My wife and I regret it too. My wife got a MBA a few years ago to better us financially. It has done absolutely nothing for us: therefore, it's actually hurting us greatly. My degree has done nothing for me in my field of technical sales.

[ironsniper1]

I'm not going to lie this scares me greatly cause my loans are in default and have been for a long time and I'm still trying to get a better payment deal with the debt collector and this makes me think I need a lawyer or something!


Sent from my iPhone using Tapatalk

[GlockSpock]

It's not that cut and dry in my opinion. These companies are financially ruining young people that want to pursue a quality higher education. It's pure greed in exchange for a dream. It's a different climate. It isn't "back in the day" when you could pay for schooling with a spare job.

I regret going to college because of the debt. It is really s*itty to say that, and everyone in my generation that isn't blessed with wealthy parents feel the same.

Oh really?

How old are you?

I'm 25 and have been working at my current job since 2007. I have been here as a full-time employee since 2012.

I have my associates and am only 45 credit hours away from a bachelors. I have $0.00 worth of student debt. My parents didn't help me at all, I didn't get grants but did receive some scholarship money. The rest? I worked it.

I say all that to add that I too am disappointed in how it is "the smart thing to do" to rack up $50,000 to $500,000 in debt for a bachelor's degree. I wish the whole education system could be amended.

Sent from my iPhone using Tapatalk Edited February 17, 2016 by CZ9MM

[FUJIMO]

I watched this guy last night on the world news. That story goes a little further than the one posted to this thread.

After hearing both its my opinion he got what he deserved, he just allowed it to go too far.

They contacted him in 2012 about his debt and have tried since then to get him to pay the $1500 plus interest. It was at the point where they issued a summons to court in which he gave them a big FO that they went a step further. According to last night's story he now has the original debt plus accrued interest,plus court cost from the arrest, plus the charge by the police that made the arrest. 5700 was the total I think. Edited February 17, 2016 by FUJIMO

[monkeylizard]

It's a different climate. It isn't "back in the day" when you could pay for schooling with a spare job.

 

I disagree. Austin Peay is about $4,000/yr for tuition. Let's call it $5,500 to go to AP with books and fees. HOPE scholarship will knock $1750 off, leaving $3750. That's a hair over 24 weeks of 20hrs/wk @ $7.75 flipping burgers. One year of that part-time McJob pays for two years of school. That's still a low-enough income to not have to worry much about federal income taxes. A person can take a year or two off after high school and work their butt off 10-12 hours per day 6 days a week, keep a part time job during college, add a full time job and keep the part time job during summer. Shoot, just start that McJob in high school and they'll have enough to cover at least the first year of college before high school graduation. Work full-time during that first summer after high school and the first 2 or 3 years will be paid for. Alternatively, they can also spread college over 5 or 6 years if needed and can take a crap ton of their general ed classes for much cheaper at the local community college and transfer them in. No, it isn't easy. Yeah, it sucks. Yeah, it means they don't have a lot of fun, drive a POS car or ride a bike, but it also means they finish debt free.

 

Yes, I know I left out housing/food costs. I was using A/P as an example school. Hopefully a kid has one of these lower cost state schools close to home and can live at home. If not or if staying at home isn't an option then it gets harder and they live in a crappy apartment with 4 roommates, eat their weight in ramen, and/or take longer to finish.

 

I'd venture a guess that any kid with that kind of determination and drive would have no problem finding some scholarships. Toss in things like Pell grants for kids from low-income families and it that nut gets smaller and easier to crack.

 

That said, college isn't for everyone. We're doing our kids a great disservice by convincing them that the only good step after high school is college, whether they're prepared for it or not and whether it leads to what they want or not. There are other paths to a successful life/career and being able to do more than just keep the lights on and put food on the table.

Edited February 17, 2016 by monkeylizard

[E4 No More]

Oh really?

How old are you?

I'm 25 and have been working at my current job since 2007. I have been here as a full-time employee since 2012.

I have my associates and am only 45 credit hours away from a bachelors. I have $0.00 worth of student debt. My parents didn't help me at all, I didn't get grants but did receive some scholarship money. The rest? I worked it.

I say all that to add that I too am disappointed in how it is "the smart thing to do" to rack up $50,000 to $500,000 in debt for a bachelor's degree. I wish the whole education system could be amended.

Sent from my iPhone using Tapatalk

Great, you're one out of how many who could accomplish this because the circumstances favored the outcome?  Try this with a post-graduate degree and see if you can say the same.

 

I'm not denigrating what you have done, but circumstances vary greatly so you can't say everyone can do the same as you.

[Dennis1209]

Think they're all holding out for a Presidential Pardon?  Bernie has already "promised" to make public colleges and universities tuition free.  Maybe they're hoping it he'll include retroactive debt forgiveness in the new socialist USA.  They see that our politicians already eagerly handing $$$$$ to illegals and want to "forgive" them for breaking our laws; why not personal debts?  Way too many of that generation have never been made to accept responsibility for anything. 

 

There is a reason the "millennial generation" is lining up behind Sanders; it's all about his promises of "FREE whatever..."  But don't ask them to define "socialism" or tell you how it "works". 

 

Can't believe us old geezers still think that asking for and accepting some else's money creates a legal and moral obligation to repay them.  I'm just old fashioned I guess.

 

Us old geezers think alike.

[GlockSpock]

Great, you're one out of how many who could accomplish this because the circumstances favored the outcome?  Try this with a post-graduate degree and see if you can say the same.

 

I'm not denigrating what you have done, but circumstances vary greatly so you can't say everyone can do the same as you.

 

I'm merely saying that the "go to school and live on campus and eat lots of food and have lots of fun and party and drink and maybe accidentally come out with a doctorate in flea breading with a minor in the archaeologic histories of Elvis Presley" mindset might be slightly flawed.

 

I wish trades were higher valued in high school (for the most part, they aren't).

I wish colleges worked better alongside people working a full time job (they are 50/50, could be worse but I do wish they could be better).

I wish student loans were not so easy to get and especially not so easy to get "extra". When I signed up for my small student loans ($2,000 a semester for two semesters), I could have taken out much, much more. I took out what I I needed for the courses. Some students see it as fun money and tell themselves that they will pay it off 50 years from now lets just make now worth it.

[Caster]

Oh really?
How old are you?
I'm 25 and have been working at my current job since 2007. I have been here as a full-time employee since 2012.
I have my associates and am only 45 credit hours away from a bachelors. I have $0.00 worth of student debt. My parents didn't help me at all, I didn't get grants but did receive some scholarship money. The rest? I worked it.
I say all that to add that I too am disappointed in how it is "the smart thing to do" to rack up $50,000 to $500,000 in debt for a bachelor's degree. I wish the whole education system could be amended.
Sent from my iPhone using Tapatalk

*Gasp!*


How dare you!!! How dare you bust your butt and work hard to accomplish your goals. How dare you make something out of yourself without milking the system!
You're making a bad example for the others who need to 'feel good' about taking handouts and dragging out the repayment of said handouts.
***Spit***


High five buddy.

[Omega]

The ones that get me are the ones that are more than capable of paying but don't for what ever reason:

http://abcnews.go.com/Health/doctor-owes-government-thousands-dollars-unpaid-student-loans/story?id=26376289

 

These are the people that need to have their taxes garnished and summons issued.