If don't appear in court when issued a summons, I can see a person being arrested for that reason.Fair enough.
It's still going on, though.
Can You Be Arrested for Not Repaying Your Student Loans?
Not true, the government became the bank in 2010 when it took over the program to help fund Obamacare. In 2012 rates were raised to 6.8%.The U.S. Department of Education is a for-profit bank, it has been for decades, it is only the Trump administration's bad reputation and general excesses that have made this fact plain. It should be a top priority for the next president to reform the system from the top down and cancel the debt of those in need. Any candidate who is unwilling to commit to this does not deserve the Democratic nomination.
This.As has been noted...
Doesn't sound like anyone is being arrested for "not repaying their loans".
Some people are being arrested on warrants for not showing up to an assigned court date. Which is really nothing new. If someone is being issued a warrant that should/usually means that a subpoena was served and the individual elected not take it seriously. (which is never a good idea...)
I'm gonna guess you're referring to this?Not true, the government became the bank in 2010 when it took over the program to help fund Obamacare. In 2012 rates were raised to 6.8%.
No, this.I'm gonna guess you're referring to this?
No. The problems began in the 1980s when Sallie Mae started aggressively marketing student loans as a way for universities to increase their budgets without raising tuition or taking other measures that are subject to state oversight. This rundown, while comedic in nature, lays it all out:
I loaned education money after 2010 at a lower rate than 6.8 percent and have had no problems paying it back. The people who are in real trouble are often those who took out too much money during and immediately after the recession because, out of work, they had to pay for everything while in school with debt.