To collect on a student loan for school. loan is in default and based on the agreement signed by the student they are in default and if not paid today you will go to jail. student needs to pay $1037.00 today. so I stated we do not have that amount money lying around and I would need time to get it or liquidate some assets to get it. Then the rep stated his company is willing to take it in two parts and when can we pay. I mention find where can I send it " He stated they don't give their address out". FInd I said I will call you back before 4:30 pm EST.

I also recieved a call from this number stating similar things.. Did you get a name? i was told it was Christopher Watkin or Walken from regional check fraud services. He claims i owe 1068.00 and if i dont pay he'll file these federal fraud charges with the county clerks office which will lead to my arrest and etc.
What ended up happening in your situation?

I just received a call from them 30 min ago. Saying if I didn't pay $1095 by 3pm est a deposition warrant for my arrest would be issued. I need to know if this guy is for real or just another fruad trying to con me.

It is a scam, see:
http://www.consumer.ftc.gov/articles/0258-fake-debt-collectors

http://www.ftc.gov/news-events/media-resource ... /payday-lending

He's a fraud. As soon as a scammer mentions the word "arrest", he's done. Debt is a civil matter. Fraudulent & bogus collectors use threats of arrest as an intimidation tactic in order to attempt to collect on invalid, time-barred or purely bogus debts.
Research & know your rights as a consumer under the FDCPA. It's easy, just Google it.
Be Safe. Be Aware.
Gunnar