They call it a debt revolt. Hundreds of students who got loans to pay for degrees through online schools like Everest, owned by Corinthian Colleges, are refusing to pay them back. They argue that Corinthian lied about how many of their graduates landed jobs, and are asking the U.S. Education Department to forgive their loans.
Already, Corinthian is in hot water with the Education Department, which forced the company to sell off many of its colleges last year., Tamar Lewin explains the backstory:
Founded in 1995, Corinthian bought more than a dozen struggling vocational colleges, and by 2010 enrolled more than 110, 000 students online and at 100 Everest, Heald and WyoTech campuses nationwide. But it has long come under fire from federal and state regulators, with a host of investigations and lawsuits charging falsified placement rates, deceptive marketing and predatory recruiting — targeting the most vulnerable low-income students.
The Education Department forced it to sell most of its campuses last year, and on April 26 its last campuses closed, leaving 16, 000 students, most of them in California, in the lurch. Also last month, the department fined Corinthian $30 million for 947 misrepresentations of placement rates, findings that Corinthian disputed.
Basically, these online colleges fraudulently told students that they would offer personalized help to get them jobs after graduation, and also lied about how many of their students actually graduated. Students who did actually complete their degrees discovered that the “help” they got finding jobs amounted to nothing more than access to Craigslist job postings — and interviews for jobs that weren’t in any way related to what they had studied.
Many of these students owe more than $80, 000. And now they have joined a growing movement, spearheaded by a group called the Debt Collective. The Debt Collective is asking that the Education Department, which regulates student loans, forgive the students’ debt. But their mission is a larger one of reform when it comes to student loans.
Lewin quotes Debt Collective organizer Luke Herrine:
At this point the department is primarily a debt collector, but it’s supposed to protect students from predatory colleges while simultaneously making money as a mass issuer of loans. So the department first makes the loans that lets students go to these fraudulent for-profit colleges, and then when the students can’t pay back the loans, the department goes after them.
The Debt Collective’s legal argument rests in part on an interesting interpretation of the so-called lemon laws, which allow people to collectively ask for refunds on defective goods sold to them fraudulently (such as shoddy cars). Under lemon laws, you don’t have to prove injury to be awarded legal relief — you just have to show that you were sold something that was already broken.
Given that Corinthian was selling students on the idea that they would get help finding jobs, and then did not give them that help, the argument could hold water. More and more students are joining the Debt Collective, and the movement is growing beyond this case. As student debts mount higher than ever in history, this could become a major political movement — and change the way Americans fund college educations.How much water do you add to beef tips in slow cooker? what are the factors of 28 How to enjoy life What heel tips do pleasers use what does qt mean in text What guide helps you and your parents with driving skills and tips what does high point mean Tips and tricks on how to play league of legends How to build a shower pan? what does recessive mean what does desk working mean How to close a tab with keyboard How long to bake tilapia? what does ltm mean How to watch one piece in order? what does independence day mean what does statement mean what does encrypt mean what does gps mean what are kabuki brushes used for what are human blood types what does oreo mean Easy scooter tricks and how to do them what does annabelle mean How to tell if your alternator is bad what does mena what are chromebooks good for what does tamarind taste like How to delete a topic linus tech tips brian williams farewell what does it mean what are the first signs of pregnancy How to track server tips state of michigan what does mi amor mean in spanish How long for prednisone to work How to map a network drive? what are baby foxes called How to raise my credit score Tips on how to start playing skyrim What causes the tips of the leaves on my peace plant to turn brown what does anaerobic mean what does the confederate flag stand for How to shrink jeans? what are planks what does the attack on ukraine mean for the us How to facetime on android? How to turn off ad blocker on chrome How to get rid of dry throat Why is my corn plant tips turning brown How to never stop being sad lyrics? How to spam tips chaturbate what does patriarch mean what does the ankh mean what is ideology mean what disease does rob lowe have what does blindsided mean what does dte mean What are tips for employers giving an interview what does tid mean in medical terms what does homophonic mean What does it mean brown tips on redwood trees Why precious "can do tricks" can't in nut job but not in 2 How to share instagram post to story How to screenshot iphone 13? what does it mean when your right eye is jumping Tips on how to make your voice deeper what does twat mean what does llj mean How to teach a box turtle tricks How to repot succulents what does clear data mean what does fbgm mean How to play pickleball video? what does ipl stand for Why are wages, tips, other compensations higher than social security wages on w2 How to pass a kidney stone How do the magic tricks in magic doe humans work How to make tapioca pearls? what does blue hat emoji mean What do bigger exhaust tips do what does pre approved mean for a loan How to make curry sauce? How to do camera tricks How to use pregnancy pillow Why some magic tricks seem real what does rit mean in music Tricks when playing with her clit How to calculate taxable income Tips how to install glass light shades How to calculate specific heat? what does foamy urine look like How to bake spaghetti squash what are megan's knees How to clean nubrilliance tips I want to learn how to tie my shoes like criss angel magic tricks How to update ios? Club penguin cart surfer how to do tricks How to install a bathtub How to stop anxiety attack How to tell if meat is bad? How to clean vans what medications does apple cider vinegar interact with How to prepare for a job interview? what does epitome mean How much protein should i eat to gain muscle what do mortify mean what does alignment mean How our mind tricks us what does another one bites the dust mean what countries are in east asia what does cpm mean How to clean microfiber cloth? Tips on how to pass your driving theory test How to do some cool soccer tricks what does tcs stand for in food what does on the spectrum mean How to raise ph in pool How old to rent a hotel room? Tips when ripping a bong
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