Corinthian 'Debt Strike'

February 24, 2015
  • Industry News

Since the chaotic dismantling of Corinthian Colleges first began last summer, a key issue has been whether the for-profit education company's current and former students will have their loans forgiven.

Student and consumer groups, state authorities and some Senate Democrats have all pressed the U.S. Department of Education to provide direct relief for the borrowers.

And on Monday, a group of student activists took that pitch for loan forgiveness to a new level.

As part of what they've dubbed a "debt strike," 15 former students of Corinthian-owned colleges said they are refusing to pay back their federal student loans.

The group, called Debt Collective, said it is protesting the Department of Education’s support for Corinthian's "predatory empire" that it says "pushed hundreds of thousands into a debt trap."

Read more at Inside Higher Ed: https://www.insidehighered.com/news/2015/02/24/student-activists-call-%E2%80%98debt-strike%E2%80%99-against-federal-loans-they-incurred-embattled