Imagine having financial difficulties throughout your life. Your college training, and career choices didn’t turn out as your originally planned, and you are unable to pay back your debts such as your student loans.
15 years down the road, you’re sitting on an egg crate in your rented $500 a month apartment eating your nightly dinner that consists of Top Ramen, bologna and sugary fake fruit punch, when all of a sudden, U.S. Marshals armed with guns and bulletproof vests bust down your door to collect on your old student loan debt.
This may seem like a bad script for a corny debtor’s prison video on Youtube, but in reality, this is actually happening in a round about way in states such as Texas, where a Houston man was recently arrested for not paying his outstanding federal student loans.
Paul Aker told Fox 26 Houston News, that 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.
In the video below, Texas 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 judgements in federal court and asking judges to use the US Marshals Service to arrest those who have failed to pay their federal student loans.
Our reliable source with the US Marshal in Houston say Aker isn’t the first and won’t be the last.
They have to serve anywhere from 1200 to 1500 warrants to people who have failed to pay their federal student loans.
SOURCE: Fox 26 Houston