re: #12 Charles

More complete explanation:

But Education Department Press Secretary Justin Hamilton said in a statement to The Lookout that the department “does not execute search warrants for late loan payments.” He said the Office of the Inspector General “conducts about 30-35 search warrants a year on issues such as bribery, fraud, and embezzlement of federal student aid funds.” Hamilton said the department cannot comment on this particular case until the investigation is over, but did add that the claim the warrant was executed for late loan payment is untrue.

About 8.9 percent of all federal loan recipients (about 330,000 people) defaulted between 2008 and 2010, the highest percentage in more than a decade. Unlike students who have some types of private student loans, borrowers with federal loans can’t declare bankruptcy as a way to get out of repayment, no matter how dire their financial situation.

Still, Wright was not the subject of the agency’s investigation. He animatedly explains in the segment below that he was handcuffed while still in his underwear and was made to wait in a police car for several hours with his three young children while the 15 law enforcement officers searched his house. (Police told the station he wasn’t handcuffed.)

So, the focus of the investigation wasn’t Wright but someone in his home - and it related to the possible bribery, fraud, orembezzlement of federal student aid funds.

The Ed. Department wont comment on ongoing investigations, so we have only Wright’s claims to go by, plus the official statement from the Ed. Department as above.