The government is more likely to use this ‘draconian’ student-debt collection tactic in black and Hispanic neighborhoods [MarketWatch]
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Source: MarketWatch
The government is more likely to use this ‘draconian’ student-debt collection tactic in black and Hispanic neighborhoods The government has extraordinary powers at its disposal to collect on federal student debt, including garnishing borrowers’ wages and taking away their tax refunds and Social Security checks. And so the feds rarely resort to suing borrowers over their student loans. But when they do, the consequences can be devastating, and a new report suggests they’re not distributed equally. The neighborhoods where borrowers who are sued over their federal student loans live have Hispanic populations double the national average and black populations that are triple the national average, according to a report published Wednesday by the National Consumer Law Center. NCLC’s report is based on an analysis of 1,565 lawsuits filed between January 2016 and June 2018. The Department of Education, which holds federal student debt, and the Department of Justice, which oversees the lawsuits
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