'We won't pay': students in debt take on for-profit college institution
http://www.theguardian.com/education/2015/feb/23/student-debt-for-profit-colleges
Nathan Hornes didn’t think he’d still be working in fast food on his 25th birthday. He had a plan: he wanted to be a pop singer-songwriter and had moved from Missouri to Los Angeles after his 2008 high school graduation in order to become a star.
He never thought he would first be getting national press coverage as part of what may be the first organized student debt strike. But he and 14 other students, with the support of the Occupy Wall Street spinoff group The Debt Collective, are taking a stand and refusing to pay back the student loans they took out to attend the for-profit Corinthian colleges.
Corinthian is being dismantled and its students given debt relief on their private loans – the institution is under federal and state investigations and is the target of multiple lawsuits alleging predatory lending practices. But Hornes and the “Corinthian 15” are demanding relief for their federal student loans, too....
The Hornes’ story is backed up by a lawsuit filed against Corinthian this September by the Consumer Financial Protection Bureau (CFPB), which, among other complaints alleges that Corinthian “falsely inflated its job placement statistics” in part by paying employers to temporarily hire Corinthian grads and then counting them as hired. It also alleges that internal communications describe prospective students as having “low self-esteem” and “(m)inimal to nonexistent understanding of basic financial concepts”.
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