Share this story
Close X
Switch to Desktop Site

[ No headline ]

The City of Brotherly Love has brought loan repayment backsliders to heel by taking away their wheels. Federal marshals in the Philadelphia area have impounded the automobiles of 17 student-loan defaulters. To get their cars back, the debtors had to pay off their loans in full or, if they could prove financial difficulty, make a substantial down payment and set up a repayment schedule. All 17 complied. About 20 others whose names hadn't yet appeared on the defaulters' list have come in and made payments on their loans.

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.