February 17, 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 Maybe I'm missing it. Where did it say guns were drawn? The article is a little silly. It says US Marshals "with guns". My guess is all US Marshals carry guns. They are serving warrants issued by a judge. That's what US Marshals do.
February 17, 201610 yr Sounds like a waste of time and manpower? Why don't they just garnish the wages of those who are delinquent on their student loans?
February 17, 201610 yr Sounds like a waste of time and manpower? Why don't they just garnish the wages of those who are delinquent on their student loans? Heard a guy on the radio this am that has his tax return garnished every year to pay off his loans.
February 17, 201610 yr I believe if you work for non-profits for 10 years out of school your loan is forgiven, for example, a doctor working for a hospital.
February 17, 201610 yr I believe if you work for non-profits for 10 years out of school your loan is forgiven, for example, a doctor working for a hospital. I believe you are correct. My fiance has mentioned something along these lines, she works at Mercy.
February 17, 201610 yr This seems quite a bit ridiculous IMO. Are they arresting people with delinquent mortgages, car payments, or credit card debt? I'm guessing the student loans may be linked to the government where as mortgages, car payments and credit cards are owned by private banks or companies? Pay your bills or don't go to college. Decisions need to be made based upon what you can afford and/or the potential you could return. Love the folks that get a degree, get their masters and end up with a low paying job and now want someone else to pay for it.
February 17, 201610 yr Author Maybe I'm missing it. Where did it say guns were drawn? The article is a little silly. It says US Marshals "with guns". My guess is all US Marshals carry guns. They are serving warrants issued by a judge. That's what US Marshals do. Good question. Before I posted this link I made sure others were reporting it and now I'm not sure where I saw anything about "guns drawn." One article did say they showed up in "full riot gear." I also read that, as is often the case, there is more to the story. When the guy got home and saw the marshalls he ran inside to get his gun. Was in there for over an hour before coming out.
February 17, 201610 yr I'm guessing the student loans may be linked to the government where as mortgages, car payments and credit cards are owned by private banks or companies? Pay your bills or don't go to college. Decisions need to be made based upon what you can afford and/or the potential you could return. Love the folks that get a degree, get their masters and end up with a low paying job and now want someone else to pay for it. [/b] I agree 100%, but the vast majority of HS students and parents aren't making educated decisions about this for a number of reasons. High schools are more worried about them passing algebra and getting a good score on the state tests then making sure they have a real understanding of the potential impact of loans, degree choice, etc... Same goes for the college.
February 17, 201610 yr My guess is that the Marshalls were conducting a Warrant Blitz and they were out trying to serve as many warrants as possible that day. This was one of many they were trying to serve, that's why they would have had on tactical vest.
February 17, 201610 yr If a piece of paper makes you feel better about yourself, good for you. There are MILLIONS of incredibly smart individuals that can do ANY job you put them in, but without a degree it means nothing. It's really a shame. How many people are actually working in the field that their degree was in? The Value or usefulness of a college education has been reduced down to that of a piece of paper BECAUSE everyone (for the most part) today goes to college. Just think of how little it would mean if it was free and literally everyone went. There would be no barriers to entry, the job market would become saturated, the value of the worker would decrease( readily accessible interchangeable labor) along with wage. Having a barrier to entry isn't a bad thing. If you cant afford something, don't buy it. The stigmatization in society today is that you have to have a college degree and go on to work at some mega corporation and get rich, and that just simply isn't the reality. Until students start realizing that wealth and success can be achieved through other methods, we will continue to have this problem. I also think the blood thirst for wealth, driven by our obsession with materialism promoted by "celebrities" is a huge part of the problem. There is a difference between being able to afford something, and being able to afford something through financing. I have been, and am currently being, frequently instructed to avoid financing and loans whenever possible. There are obvious exceptions, such as a house, but financing non essential luxury items is just stupid. Only buy what you can afford.
February 17, 201610 yr ...which has shown to not be true. Ex: Mazak in Florence, KY hires grads from Gateway who have a 2-year degree in machining(not sure what the actual name is). Guy told me that the average experienced machinist at Mazak makes about $70k. Again, not starting - experienced. Many years ago I recall reading that even during the great depression there were jobs ads posted regularly for machinists. Plumbers, HVAC, electricians, carpenters, roofers.... There's a long list of occupations where you can make a good living without incurring student loan debt.
February 17, 201610 yr Author Well, as is often the case, there is more to the story and it's not QUITE what the guy presented. He was arrested for failure to appear in court multiple times over his debt. 5 Things to Know About that Student Loan Arrest and How to Make Sure You're Protected - The Root
February 17, 201610 yr Good question. Before I posted this link I made sure others were reporting it and now I'm not sure where I saw anything about "guns drawn." One article did say they showed up in "full riot gear." I also read that, as is often the case, there is more to the story. When the guy got home and saw the marshalls he ran inside to get his gun. Was in there for over an hour before coming out. Well that certainly changes things. Let's not let any facts get in the way of a good sensationalized story though. Armed US Marshals? NO WAY! They had their guns drawn over student loans? Omg!
February 17, 201610 yr Well, as is often the case, there is more to the story and it's not QUITE what the guy presented. He was arrested for failure to appear in court multiple times over his debt. 5 Things to Know About that Student Loan Arrest and How to Make Sure You're Protected - The Root Service of a bench warrant... see now this makes MUCH more sense. What's the old line? "And here we have... the REST of the story."
February 18, 201610 yr Thank the Lord, I was starting to worry about my overdue book from the library in 1989.
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