Whenever Houston kid Paul Aker is actually detained by You , his worry generated national statements. The guy claimed their stop try due to their outstanding figuratively speaking. Better, you to was not somewhat your situation. Yes, Aker owed cash on college loans nearly three decades dated. However, zero, he was not detained since the the guy did not repay their school personal debt. He was arrested because he failed to come in court at the a judge’s purchase.
Since that time the individuals splashy headlines starred in print, on television, as well as on the online, the usa Department away from Degree attempted to debunk the fresh misconception one you’ll be arrested having not paying college loans. You’ll find really serious consequences for failing to pay their student loan personal debt, however, jail day is not those types of outcomes.
Of Outstanding so you can Default
Just before we diving towards the what takes place once you you should never spend your student education loans, you will know one or two key terms: unpaid and default.