Believe it or not, the US Marshals Service in Houston is arresting people for not paying their outstanding federal student loans. Paul Aker says he was arrested at his home last week for a $1500 federal student loan he received in 1987. He says seven deputy US Marshals showed up at his home with guns and took him to federal court where he had to sign a payment plan for the 29-year-old school loan.
So wait a minute… you can’t actually go to jail for not paying your loan, can you? According to Geeks on Finance, the answer is usually no, but there are exceptions. One of the most common of these is child support, where you can definitely wind up in jail after a while. But the bottom line here is that a student loan is still a loan. You took it out and signed on the line agreeing to repay it. If the rates were too high or it was more debt than you could reasonably afford to take care of, isn’t that really on you and not the government?
http://www.vice.com/read/the-feds-are-now-arresting-people-for-not-paying-their-student-loans-vgtrn
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