The Burgeoning Student Loan Strike

April 1, 2015
  • Industry News

A big red box of paperwork that activists delivered to federal officials here on Tuesday may hold the key to debt relief for large numbers of students who attended Corinthian Colleges.

The group of former Corinthian students refusing to repay their federal loans, which has now grown to 100 people, met Tuesday with top officials from the U.S. Department of Education, the Consumer Financial Protection Bureau student loan ombudsman and representatives from the Treasury Department.

The so-called debt strikers gave Education Department officials documents from 257 borrowers, each making a legal case for why they shouldn't have to repay the federal loans they took out to attend Corinthian-owned campuses. Much of the massive for-profit college has been sold and is facing lawsuits from federal and state regulators. At least 100 more submissions are on the way, organizers say. 

Read more at Inside Higher Ed: https://www.insidehighered.com/news/2015/04/01/education-department-meets-ex-corinthian-students-who-refuse-repay-federal-loans