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…

~

4closureFraud.org