Marshals Going after Old Student Loans

Loans

by Jeff Davis

Remember those old Westerns where the hero of the day was the frontier United States Marshal? Tall and lean, James Arness or John Wayne, taking on the bad guys in the black hats? Remember that movie with Tommy Lee Jones? Where are those heroic United States Marshals now? What are they up to?

A Fox News article reports “Believe it or not, the U.S. 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 U.S. 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.”

They’re going after a loan for only $1,500?! The typical student loan today is well into six figures. The total amount of outstanding student loans is one trillion dollars in the United States. The student loan crisis is rapidly approaching the dimensions of the subprime mortgage crisis that devastated our economy in 2007.

The Fox article notes “Congressman Gene Green says the federal government is now using private debt collectors to go after those who owe student loans. Green says as a result, those attorneys and debt collectors are getting judgments in federal court and asking judges to use the U.S. Marshals Service to arrest those who have failed to pay their federal student loans.”

“Our reliable source within the U.S. Marshals service says that Aker isn’t the first and won’t be the last. They have to serve anywhere from 1200 to 1500 warrants for people who have failed to pay their student loans.”

Matt Dillon and Rooster Cogburn are now bill collectors going after people, who got themselves into huge debt for a degree that turned out to be worthless in Obama’s America. Like any other collectors for loan sharks, they’re coming in heavy with threats and intimidation and guns, to somehow force money from the very pores of people who don’t have it.

Perhaps, we shouldn’t let predatory lenders turn people into debt-slaves by age 22 with a massive pile of student debt that they’ll never get out of. The Founding Fathers created bankruptcy laws so that people could start over, but we’re headed back to the Dark Ages. Add to all that a flood of Third World labor and H1B visa Hindus, who are taking the jobs that Americans were hoping to get after college to pay off their student loans!

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