Federal Government Push to Collect on Student Loans Amid Bad Economy Fuels Growth in Filings

Federal government push to collect on student loans amid bad economy fuels growth in filings

Nearly 30 years after graduating from the University of South Florida, William Milner Jr. this year got an unwelcome memento from his college years: the bill.

But this was no ordinary invoice. It was a lawsuit filed by the U.S. government, demanding that the 57-year-old Delray Beach resident repay decades-old student loans. And the government doesn’t just want back the $1,660 Milner borrowed. With interest and attorney fees, Milner’s debt now stands at $7,746.

“The Mafia is in the wrong business,” Milner said. “It’s gotten to such a high amount. I think it’s unreasonable.”

Milner is far from alone.

So far this year, the federal government has filed 139 suits in U.S. District Court in South Florida seeking to recover money from student loans that are years, often decades, old. At that pace, it is likely more than 200 lawsuits will be filed before the year’s out. By comparison, in 2008, 82 lawsuits were filed in the nine-county district that includes Palm Beach County.

Rest here…

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Comments
8 Responses to “Federal Government Push to Collect on Student Loans Amid Bad Economy Fuels Growth in Filings”
  1. stripes says:

    Capital Account with Lauren Lyster today had a guest on who says that the FED is manipulating the price of GOLD so that the Governments of CHINA and RUSSIA can buy up all of the gold and WE THE PEOPLE CANNOT.

  2. stripes says:

    Watching the commentary on the dem speeches on CNN. Can’t believe they have THE NERVE to say…….. WHO DO WE WANT TO BE UNDER in the next 4 years? WE THE PEOPLE ARE NOT UNDER ANYONE….! PROOF they believe they are DICTATORS and they “THINK” THEY OWN THIS COUNTRY. We will see about that.

  3. sarah says:

    “The Mafia is in the wrong business,” Milner said. No, they are actually in the right business. We just don’t use the word “mafia” anymore because it’s all “legitimate”. Loan sharks never had it so good, the people aren’t even clued into how much things are rigged against them. Used to be Americans understood what debt meant, now it will satisfy their vengeance against the “deadbeats”. When in Rome…..

  4. stripes says:

    Adding any extra taxes in this economy is dangerous. That includes Obamacare.

  5. Tee says:

    i wouldnt mind setting up payment plan w gov…..however they sell the debt off to collection agencies who pile on thousands in fee’s…….the agencies have no records of previous payments…..its just..pay..pay..pay..they can all go to hell! along with the sub-primers in mortgages and c cards….and pay day a&& hol%$……crooks…the whole bunch.

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