Taking Out A Student Loan? Think Twice


You could have the SWAT team break down your door at 6:00 AM.

No, I’m not kidding:

STOCKTON, CA – Kenneth Wright does not have a criminal record and he had no reason to believe a S.W.A.T team would be breaking down his door at 6 a.m. on Tuesday.

“I look out of my window and I see 15 police officers,” Wright said.

Wright came downstairs in his boxer shorts as a S.W.A.T team barged through his front door. Wright said an officer grabbed him by the neck and led him outside on his front lawn.


The U.S. Department of Education issued the search and called in the S.W.A.T for his wife’s defaulted student loans.

Got it folks?

Go ahead…. sign the FAFSA “for your kids.”  And a few years later, when they can’t pay on their loans as they can’t find a job after racking up all that nice debt, your act of “kindness” and “duty” in signing that form can be the reason their door gets kicked in by the SWAT team, and perhaps their dog – or even your own son or daughter – is shot.

Still think it’s a good idea to sign that form, do you?

Incidentally, it is (theoretically) unconstitutional to imprison someone for debt.  This means such an event is not a criminal act, it’s a civil one, which in turn means – at least if the government gave a damn about The Constitution – they had no cause to use “law enforcement” in this sort of circumstance at all.

Of course when it comes to government, the Constitution is an inconvenience.

 The Market-Ticker