Student Debt Strikers Take On Corinthian College
Fifteen students have refused to pay back their student debt to Everest College, owned by the now disgraced for-profit company Corinthian College. They call themselves “the Corinthian 15”.
Good for them. Corinthian College is a predatory and fraudulent company which was in the business of gaming the federal loan system while making false promises to its students. Those students are victims of fraud and should not be the ones paying back the government money for an education they never got. Instead, Corinthian should pay back the money.
By declaring a strike, the Corinthian 15 are taking debt relief for themselves and challenging the Department of Education to look out for students instead of protecting rich and powerful creditors. By declaring a strike, they are taking a stand for all student debtors, by reminding us that for-profits schools are just an extreme version of our increasingly untenable system of debt-financed higher education. By declaring a strike, the Corinthian 15 are asking why the U.S. lags so far behind other industrialized societies in denying its citizenry the right to free college enrollment.
At the same time, there’s a new Rolling Jubilee initiative that just freed $13 million dollars worth of student debt, which was covered by Democracy Now. Right on.