Can’t Pay, Won’t Pay – A Student Debt Strike Is Born

Galactic Free Press's picture

Fifteen brave students at the for-profit Corinthian College announced this week that they will refuse to pay their federal student loans, launching an unprecedented U.S. student debt strike.

The students hail from Corinthian Colleges Inc., a chain of for-profit schools that has been plagued by allegations of fraud and predatory lending. Corinthian faces hundreds of individual lawsuits, including one by the Consumer Financial Protection Bureau which accused Corinthian of juicing job placement numbers and conning students into predatory loans. And everyone from the Massachusetts Attorney General Maura Healey, to Rep. Maxine Waters (D-CA), to a group of Senators led by Elizabeth Warren (D-MA) have called on the Department of Education to forgive Corinthian debt.

But rather than wait for the Department of Education to heed these calls, these students have taken matters into their own hands, and called the debt strike.

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