A simple google search of articles about Corinthian provides a cornucopia of sleazy tactics.
It's time to protect AMERICANS!
Democracy for America is excited to announce our new partnership with Student Debt Crisis, an organization dedicated to fundamentally reforming the way in which higher education is paid for in America. Together, we’re committed to making college debt-free and saving families from the crushing burden of $1.3 trillion in student debt -- a critical driver of income inequality in America. Check out the important message below from Natalia Abrams, Executive Director of Student Debt Crisis, and stay tuned for more important developments to come. -- Jay Henderson, Democracy for America
On Monday, 16,000 students at Corinthian Colleges learned that their school had closed its doors for good -- and declared bankruptcy. Single mothers, veterans, and other students suddenly found themselves facing thousands of dollars in debt with no degree or job to show for it.
This was not by accident, but by cruel design. As the biggest for-profit college in the country, Corinthian has spent years promoting falsified data to promise high quality jobs and convince students to take out massive levels of student loan debt, despite the limited value of a Corinthian degree.
Corinthian funneled this public student loan money to hire the best lobbyists in Washington, including Karl Rove’s Crossroads G.P.S., to stay one step ahead of state and federal investigations into their crimes.
With Corinthian’s decision to declare bankruptcy, they get to wipe the slate clean on their debts -- but their students can’t do the same, as federal law doesn't allow student debt to be discharged in bankruptcy. As a result, more than 16,000 students are saddled with millions of dollars in student loans and the government expects these students to pay up. Or else.
Congress has given the Department of Education the authority to discharge student loan debt in situations of this kind. But Education Secretary Arne Duncan isn’t taking action. He wants these unlucky borrowers to repay the loans. It’s unfair and unjust. These borrowers need our help. Let’s demand the Department of Education do the right thing -- and discharge their debt.
Corinthian students are fighting back. They’ve banded together to form the Corinthian 100, an activist group that is demanding the government release them from having to pay loans to a college that no longer exists.
They’re not alone. Thirteen Senators, including Elizabeth Warren, signed a letter to the Department of Education calling for for-profit regulations to be reviewed and for the Corinthian students’ debt to be discharged.
The Department of Education met with representatives from Corinthian 100. They slapped Corinthian Colleges with thousands of dollars in fines. But the government still refuses to free these students from their debts. Despite years of corruption perpetrated by Corinthian, the Department of Education thinks that Corinthian students should simply transfer to other crumbling for-profit colleges. It’s important to note that the Department is steering students towards schools like Devry and the Art Institutes, despite sweeping campus closures in recent weeks.
These students are victims of a greedy and unscrupulous for-profit industry. They deserve relief from their debts. Will you stand with them?
Thanks to the support of Americans like you, and progressive leaders like Senator Elizabeth Warren, we have new momentum in the fight to make college debt-free and save American families from the crushing burden of student debt. Fighting back on behalf of the Corinthian students will not only help stop for-profit colleges from continuing to prey upon hard working Americans seeking a better life, but will go a long way towards fixing the entire system.
- Natalia
Natalia Abrams, Executive Director
Student Debt Crisis
click on links to read full stories:
The Collapse of a Huge For-Profit College Company Could ...
www.democraticunderground.com/101410793...Democratic UndergroundApr 28, 2015 - 17 posts - 14 authorsThe abrupt closure of for-profit Corinthian Colleges Inc. may cost U.S. ... Department to shutter its 28 campuses serving about 16,000 students. ... When a college closes, enrolled students are eligible to have their federal loans .... about them' and who are 'stuck' and 'unable to see and plan well for future.'"
Corinthian Colleges Shuts Down, Ending Classes for 16000 ...
www.cnbc.com/id/102621660
CNBC
Apr 27, 2015 - "I put everything I had into my academic career to set myself up for a bright future, not only for me but for my family." ... Read MoreEducation officials fine for-profit college for false claims ... And also some of them, they quit their jobs just to be full
'We Refuse to be Pawns': Student Debt Strikers Slam ...
www.commondreams.org/.../we-refuse-be-...6 days ago - A group of student debt strikers will boycott a meeting scheduled for Monday with U.S. ... Just a few of the ever-growing Corinthian 100. ... Other for-profit colleges have prowled shut-down Corinthian ... In lieu of Monday's meeting with the DOE, the organizers plan to call a separate meeting in the near future:.Common Dreams NewsCenter
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