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Monday, May 15, 2017

Can't Pay Your Student Loans? The Government May Come After Your House

On Adriene McNally's 49th birthday in January, she heard a knock on the door of her modest row-home in Northeast Philadelphia.

She was being served.

"They actually paid someone to come out and serve me papers on a Saturday afternoon," she says.

The papers were from a government lawsuit that represents something more than just an unwelcome birthday gift — it's an example of a program the federal government has brought to 19 cities around the country including Brooklyn, Detroit, Miami and Philadelphia: suing to recover unpaid student loans, like the ones McNally owes.

Every day, 3,000 people default on their federal student loans — and those lack of payments amount to an unpaid bill of $137 billion for the federal government. For decades, the government has tried to get borrowers to pay up by hiring debt collection agencies to call and send letters. But now the government is trying this new lawsuit strategy.

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5 comments:

Zorro said...

hear that Snow Flakes? they are coming after your mommy and daddys house too..

Anonymous said...

I feel no sympathy towards any of these people. They knew exactly what they were doing when the signed the loan papers.

Anonymous said...

I am surprised the government doesn't forgive them of the loan.Hopefully this is because we now have a good leader in the house. Trump/Pence 2020!!

Anonymous said...

100% correct but the snowflake generation wants to play video gamea x 6 hrs a day in mommys basement with zero job to pay for there brainwashed edumacation.

Anonymous said...

Obama said college would be free. 2 trillion later in debt guess not.