© AFP
"I was wondering, why are you here. I am home, I haven't done anything," he told Fox 26, adding that he didn't receive any notice about a $1,500 student loan he received in 1987. He claims he was taken to federal court, where he signed a payment plan for the debt.
"It was totally mind-boggling," Aker said. This is far from an isolated incident, a source told the station. It isn't the first time Marshals have served someone for being behind on loans, and they are planning to serve between 1,200 and 1,500 other people who have student debt.
Rep. Gene Green (D-Texas) told Fox 26 that it's worrisome that private debt collectors are able to use US Marshals as muscle to retrieve payments for loans.
"There's bound to be a better way to collect on a student loan debt that is so old," Green said.
Unlike other forms of debt, student loans cannot be discharged through bankruptcy by law. They also have higher interest rates, due to being riskier to the lender because of a lack of collateral. Governments and collection agencies are also allowed to use tactics that are prohibited for other types of loans, such as seizing tax refunds, taking parts of disability payments or even garnishing wages - all without a court order.
Student loans have become a hot-button issue in the Democratic presidential primaries. Both Bernie Sanders and Hillary Clinton have railed against what they call excessive student debt, vowing to lower student loan interest rates. However, Sanders goes a step further by supporting tuition-free public universities that are fully paid for with a tax on Wall Street.
Almost 71 percent of bachelor's degree recipients graduate with a student loan, and those graduating in 2015 have an average debt from school of over $35,000, according to The Wall Street Journal.
Reader Comments
these guys are fishing, nobody cares about the $1500 but oh boy could they stumble into some lucrative fines invading homes on this premise.
this won't be the last time we hear about this.
See, I'm beginning to think that even these kinds of stories are fake.
Does the Marshall's Service have a public affairs office to contract? Who ordered this? I thought you needed to be served a court order, with an FTA (Failure to Appear to then issue a bench warrant). Wouldn't that normally happen at a very local level?
WTF? The banksters are now hijacking the Marshall's service to the work of flat foot street cops? This is a horrible misuse of resources. Someone needs to explain this a hell of a lot better because this isn't making any sense at all.
I'm beginning to think that the conspiracy of the billionaires is to destroy the people's faith in their own governments by corrupting them to such a degree with the highest levels of leaders whom order these kinds of things is only designed to destroy the people's faith in democracy as a form of government.