Feds Arresting People For Delinquent Student Loans. o_O

[blackrain]

Lol, mom dukes just gives them $20 a month.

Can you work out a deal like that? I'm in student loan debt also. Will it absolve your credit?

You can work out a deal like that it ain't hard at all. They just want anything no matter how small most of the time to get off your back...

With that said the student loan debt in this country is a huge problem and needs a serious overhaul....but again there's ways around that shit to avoid them or at least avoid taking out a shit ton that will follow you forever

 

[kzzl]

So they don't have a statue of limitations for that? I thought after 7 years they can't collect. I was able to get some debt off my credit with that.

 

[Kwan Dai]

I don't have a degree but I will NEVER owe money for education. I would teach myself and my kids before I owe thousands of dollars for some validation. Never will I take out a loan for college.

Being self taught is a good thing.. But going to college is a lot more than just validation.. There are plenty of positives to going to college..

You're right about that. The problem is going to college doesn't mean go at all cost. Go with what makes sense. I just don't see any career out there that's worth being tens of thousands in debt. In that situation you don't even have a career until your schooling is paid off. That's ass backwards.

There's plenty ways to get into college and leave without a ton of debt. People just aren't educated on how to do so. Its funny people shit on the education you get in college because of the debt yet remain uneducated on how to avoid it.

There are ways however, I think you are overstating how many outlets are available. 4 year institutions on average are $25,000 a year. And there is no full proof way educated or not ensure you are leaving out with even 50% of your tuition covered. Unless you are a stellar athlete, student or severely impoverished you aren't walking away with even 50% of your tuition covered.

My son who has expressed interest in Wake Forest and my daughter NYU both schools are average 50,000 (living cost excluded) a year. There just aren't organizations, benefactors, and state funds being handed out to students in such large amounts for your assertion to be accurate.

The "Ivory Tower" is a great reference for what's happening around the country and ways to decrease college tuition costs but with the increases being so drastic it's almost impossible to step away debt free. Hell walking out of college with any type of financial debt is somewhat of a step back. It's kind of a smack in the face actually.

 

[Kwan Dai]

Not everybody can be a doctor or a lawyer

Be realistic with that.

I agree 100%. You need Engineers and people who know Finance as well.

But Marketing Degrees, communication degrees, history degrees etc. Aren't worth the paper they are printed on. You don't need higher learning or specialized training in these fields.

There isn't a job or career around you don't need training for. Even if you pick up a trade at some point you will have to learn something or be certified in order to prove you actually know what you're doing.

What is the purpose of your comment? When did I imply that training or learning isn't required to obtain a job or to sustain a career?

 

[alliknowishate]

Get a trade. Problem solved

 

[Kwan Dai]

Get a trade. Problem solved

You're correct.

However the symbolism and status isn't there.

Exhibit A: Yes, I attend the University of Ga. majoring in History.

Exhibit B: Yes, I attend _________ studying to be an HVAC technician.

Exhibit B doesn't have that flair. Parents can't flex at the party with that shit. LMAO.

 

[Splackavelli]

Lol, mom dukes just gives them $20 a month.

Can you work out a deal like that? I'm in student loan debt also. Will it absolve your credit?

You can work out a deal like that it ain't hard at all. They just want anything no matter how small most of the time to get off your back...

With that said the student loan debt in this country is a huge problem and needs a serious overhaul....but again there's ways around that shit to avoid them or at least avoid taking out a shit ton that will follow you forever

what about your credit though will it square every thing up in that area?

 

[Peace_79]

But the notion of free undergraduate tuition is what is outrageous ... Impossible, right???

Some of y'all got to unplug from the matrix

 

[AggieLean.]

I pay a student loan agency a couple hundred bucks every month, and will be doing so for the next 5 years. Crazy they're sending the police to come and collect these debts, but the government is going to get their money I suppose.

My debt sucks, but it was well worth it. Great college experience, networking connects, and a great job with great pay. Could have avoided a lot of the debt i acquired, but I didn't research scholarships like I should have and I didn't take school as serious as I should have my first few years. I tell all the young ones I come across now to either get a STEM degree or go learn a skill. Also, community colleges are ways of avoiding debt as well. You can complete all your core courses and it doesn't cost much to do it. I learned so much just from my experience, hopefully I'll be able to help my lil ones avoid student loan debt in the future.

 

[Peace_79]

^^ This

College gets a bad rap but, if you are smart about it (like any investment), it's value will dwarf the associated cost ...

That doesent mean it isn't overpriced tho

My earning potential is through the roof and I have already benefited directly and indirectly from the connections I established in school.

A few hundred bucks to Uncle Sam every month is well worth that.

 

[StoneColdMikey]

Thanks to Obama he made it where you can afford to have student debt. I think you can get a deal and they would take out only 10% which is cool

 

[_God_]

Im 40 gs in debt, when they come you all will know who I am

 

[blackrain]

I don't have a degree but I will NEVER owe money for education. I would teach myself and my kids before I owe thousands of dollars for some validation. Never will I take out a loan for college.

Being self taught is a good thing.. But going to college is a lot more than just validation.. There are plenty of positives to going to college..

You're right about that. The problem is going to college doesn't mean go at all cost. Go with what makes sense. I just don't see any career out there that's worth being tens of thousands in debt. In that situation you don't even have a career until your schooling is paid off. That's ass backwards.

There's plenty ways to get into college and leave without a ton of debt. People just aren't educated on how to do so. Its funny people shit on the education you get in college because of the debt yet remain uneducated on how to avoid it.

There are ways however, I think you are overstating how many outlets are available. 4 year institutions on average are $25,000 a year. And there is no full proof way educated or not ensure you are leaving out with even 50% of your tuition covered. Unless you are a stellar athlete, student or severely impoverished you aren't walking away with even 50% of your tuition covered.

My son who has expressed interest in Wake Forest and my daughter NYU both schools are average 50,000 (living cost excluded) a year. There just aren't organizations, benefactors, and state funds being handed out to students in such large amounts for your assertion to be accurate.

The "Ivory Tower" is a great reference for what's happening around the country and ways to decrease college tuition costs but with the increases being so drastic it's almost impossible to step away debt free. Hell walking out of college with any type of financial debt is somewhat of a step back. It's kind of a smack in the face actually.

There's plenty of ways to get your tuition paid in full, trust me I know because I got a scholarship to cover mine adn the school I went to cost more than 50k/year...so trust me if you search its out there. I never said it was an easy thing to get, I jsut said the resources are out there if you search for them. For instance, there's a program nationwide called the Possee Scholarship specifically for minority students that covers the cost of their entire tution at schools for the full time they're in school. That's just 1 for you right there. Even if you don't walk away 100% debt free there's still plenty ways to minimize the debt you incur while in school. Often times people just get overwhelmed and give up before even really starting to search.

 

[texas409]

welp looks like im next....peace out IC

 

[silverfoxx]

Damn, currently 27k in debt and rising, ima leave this thread before it depresses the fuck out of me

 

[Melanin_Enriched]

They smart since i know i wasnt going to give money to a bitch named sally mae

 

[janklow]

Has to be more to this story than what was reported

seems possible:

First, there is no need to panic: You cannot be arrested simply for defaulting on your federal loans.

“If anyone out there thinks that it is the top priority of the U.S. Marshal’s Service to arrest student-loan violators, they are sadly mistaken,” Richard Hunter, chief deputy U.S. marshal for the southern district of Texas, told me in an interview.

Marshals had made several attempts to contact Aker to appear in federal court, according to Hunter. Notices were sent to numerous known addresses. Marshals spoke with Aker by phone and requested that he appear in court, but Aker refused, a statement from officials said. So a federal judge issued a warrant for Aker’s arrest for failing to appear at a December 2012 hearing.

“A big misconception is people are being arrested for not paying their loans, when in fact they are being arrested for failure to appear in court,” Hunter said. “At the point the U.S. marshals show up at your door, there have been months — perhaps many years — of notices, summons, et cetera, issued.”

Here comes the second lesson in this story.

During the Houston news broadcast, Rep. Gene Green (D-Tex.) asked Aker whether he had been notified by anyone ahead of time about the state of his loan. “You didn’t receive any kind of notice?” Green asked. “No certified mail? Nobody coming out saying, ‘This is the debt you owe?’ ”

“Nothing in almost 30 years,” Aker said.

We now know from court records dating to 2007 that Aker had indeed been contacted about the debt. A default judgment was entered for $2,709.47. But more to the point, even if he hadn’t been served about the loan, he is ultimately accountable for keeping track of how much he borrowed. It’s your responsibility to know what you owe. If you move, let your lenders know. If you haven’t been receiving bills, call and find out why.

 

[fuc_i_look_like]

I blame America's or even society's push that a college education is needed for every position.

I see job postings online requiring bachelor's degrees for jobs paying only $14/$15 hour. Smh.

 

[cannonspike1994]

never borrow money.

 

[dallas' 4 eva]

Get a trade. Problem solved

You're correct.

However the symbolism and status isn't there.

Exhibit A: Yes, I attend the University of Ga. majoring in History.

Exhibit B: Yes, I attend _________ studying to be an HVAC technician.

Exhibit B doesn't have that flair. Parents can't flex at the party with that shit. LMAO.

They can keep that debt, I make just as much as they do and I fon't get my paychecks raped every month.