February 16, 201610 yr Happened in Houston. Private entities are now being hired to collect and they are going to court to get the authority to arrest those who are late. This guy has owed $1500 since 1987 and US Marshalls came with guns drawn. US Marshals arresting people for not paying their federal student loans - Story | KRIV
February 16, 201610 yr This seems quite a bit ridiculous IMO. Are they arresting people with delinquent mortgages, car payments, or credit card debt?
February 16, 201610 yr No such thing as free. The universities should offset the costs. Also, high schools need to start telling kids that there are other options than a 4 year university. Vocational, etc. Also, kids need to take into consideration the degrees they are getting.
February 16, 201610 yr Could not possibly disagree more. You're certainly entitled to your opinion. The amount of money it costs to get a secondary education is disgusting at best.
February 16, 201610 yr You're certainly entitled to your opinion. The amount of money it costs to get a secondary education is disgusting at best. While it is astronomically high, I agree, that doesn't mean it should be free IMO. A college degree is not necessary. It's not something that everyone is entitled to, nor something everyone needs to succeed at life. There definitely needs to be something done to lower the costs and make it more affordable though.
February 16, 201610 yr Author You're certainly entitled to your opinion. The amount of money it costs to get a secondary education is disgusting at best. It will not change until kids stop going to 4-year universities and when they stop taking out student loans. Loans are making it too easy for schools to continue to raise their fees and for states to continue to cut back on tax contributions.
February 16, 201610 yr What is the collection window for student debt? I believe Credit Cards are 7 years and the IRS can only collect up to 10 years. Why would student loans be 27 years?
February 16, 201610 yr Are we bringing back debtors prison? That's what I was thinking. Didn't we fight a revolution to get rid of this kind of stuff?
Archived
This topic is now archived and is closed to further replies.