Corinthian College's Fraud

There are 2 petitions below protesting student loans/debts caused by Corinthian College's Fraud.

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WWW.CONSUMER-ACTION.ORG

Petitioning U.S. Department of Education and 1 other

Cancel Corinthian students' loans. Students should not have to pay for Corinthian's fraud.

National Consumer Law Center United States

Since at least 2007, multiple audits and government investigations have revealed widespread deception throughout Corinthian Colleges’ student recruitment system. Corinthian used high-pressure sales tactics that focused on students’ pain and vulnerability. It falsely promised that a Corinthian education would lead to high-paying and long-term jobs. It preyed on students’ desires to provide better lives for themselves and their families.

The U.S. Department of Education ignored its duty to protect Corinthian students. Instead, the Department facilitated Corinthian’s sophisticatedscheme to bilk thousands of low-income students of their dreams, while leaving taxpayers to foot the bill. The result? Billions in profits for Corinthian shareholders and billions in debt for harmed Corinthian students.

Now, the Department relentlessly pursues Corinthian borrowers for repayment of their federal loans. It has unjustly shifted the financial harm caused by its own mistakes onto the backs of students who are not at fault and who were deceived into taking out federal loans. In doing so, the Department has prioritized generating government profits over treating Corinthian students justly and fairly.

These students deserve a fresh start! Stop the Department of Education’s unjust debt collection and tell it to put students’ financial security above government profits. Sign the petition.

Petition to U.S. Dept. of Education

In the interest of economic justice for student loan borrowers seeking to improve their lives through higher education, we the undersigned, submit this petition demanding that the U.S. Department of Education cancel the federal student loans of borrowers harmed by Corinthian Colleges and take aggressive action to protect students and taxpayers from other schools that violate state or federal laws.

READ THE FULL FULL PETITION..


https://www.change.org/p/u-s-department-of-education-arne-duncan-cancel-corinthian-students-loans-students-should-not-have-to-pay-for-corinthian-s-fraud?just_created=true








Last week, Corinthian Colleges, Inc., one of the nation’s most unscrupulous for-profit education companies, closed its doors. The company saw the writing on the wall after an increasing onslaught of damning allegations, including of predatory lending, falsifying job-placement data and deceptive advertising.¹

Corinthian preyed on students’ desires to provide better lives for themselves and their families. It intentionally targeted vulnerable students—veterans, low-income students and students of color—with false promises, often leaving them with tens of thousands of dollars in debt, credits that didn’t transfer and few job prospects.

These students should not have to pay for Corinthian college’s fraud. Join The Nation, the American Federation of Teachers, Working Families and host of other organizations in calling on the Department of Education to forgive Corinthian students’ debt.



Corinthian’s deceptive practices were apparent for years and for much of that time, the U.S. Department of Education ignored its duty to protect Corinthian students. Instead, the Department facilitated Corinthian’s sophisticated scheme to bilk thousands of low-income students of their dreams, while leaving taxpayers to foot the bill.

The result? Billions in profits for Corinthian shareholders and billions in debt for harmed Corinthian students.

A group of brave former Corinthian students are staging a loan strike to draw attention to their plight.² They and other Corinthian students deserve our support, and a fresh start. Join us as we call on the Department of Education to forgive Corinthian students’ debt.

All the best,
Sarah Arnold




1. "Elizabeth Warren Slams the Education Department for Failing Student Borrowers," Zoë Carpenter, April 28, 2015.http://www.thenation.com/blog/205489/elizabeth-warren-slams-education-department-failing-student-borrowers

2. "The Campaign to Refuse to Pay Student Debt Is About to Kick into Overdrive," Michelle Chen, March 30, 2015.http://www.thenation.com/blog/202849/campaign-refuse-student-debt-about-kick-overdrive

Tell the DOE: Don't Force Students to Pay for Corinthian College's Fraud

Since at least 2007, multiple audits and government investigations have revealed widespread deception throughout Corinthian Colleges’ student recruitment system.

 

Corinthian used high-pressure sales tactics that focused on students’ pain and vulnerability. It falsely promised that a Corinthian education would lead to high-paying and long-term jobs. It preyed on students’ desires to provide better lives for themselves and their families.

 

The U.S. Department of Education ignored its duty to protect Corinthian students. Instead, the Department facilitated Corinthian’s sophisticated scheme to bilk thousands of low-income students of their dreams, while leaving taxpayers to foot the bill. The result? Billions in profits for Corinthian shareholders and billions in debt for harmed Corinthian students.

 

Now, the Department relentlessly pursues Corinthian borrowers for repayment of their federal loans. It has unjustly shifted the financial harm caused by its own mistakes onto the backs of students who are not at fault and who were deceived into taking out federal loans. In doing so, the Department has prioritized generating government profits over treating Corinthian students justly and fairly

 

These students deserve a fresh start! Stop the Department of Education’s unjust debt collection and tell it to put students’ financial security above government profits.

A woman walks past the Everest Institute in Silver Spring, MD. Corinthian Colleges owned Everest, Heald College and WyoTech schools. (AP Photo/Jose Luis Magana, File)