S.W.A.T. Team Breaks Down Doors Looking For Student Loan Defaulters

Has it become illegal to attend college without a giant bank account? 

Kenneth Wright of Stockton, California was almost knocked down by a S.W.A.T. team breaking down his door one morning. He says they then handcuffed him and put him in the back of a police car.  

Federal agents confirmed that the Department of Education was behind the raid on Wright's house. They were in search of his estranged wife, who had defaulted on her loans. 

As we reported last week, recent college graduates face an unemployment rate nearly double that of the rest of the population, and African-American grads (like Wright and his wife) are looking at an unemployment rate of 19 percent. Meanwhile, the cost of a college degree is at an all-time high, up 3,400 perent since 1972.     Read more

By Sarah Jaffe | AlterNet