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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums'We won't pay': students in debt take on for-profit college institution
http://www.theguardian.com/education/2015/feb/23/student-debt-for-profit-collegesNathan Hornes didnt think hed still be working in fast food on his 25th birthday. He had a plan: he wanted to be a pop singer-songwriter and had moved from Missouri to Los Angeles after his 2008 high school graduation in order to become a star.
He never thought he would first be getting national press coverage as part of what may be the first organized student debt strike. But he and 14 other students, with the support of the Occupy Wall Street spinoff group The Debt Collective, are taking a stand and refusing to pay back the student loans they took out to attend the for-profit Corinthian colleges.
Corinthian is being dismantled and its students given debt relief on their private loans the institution is under federal and state investigations and is the target of multiple lawsuits alleging predatory lending practices. But Hornes and the Corinthian 15 are demanding relief for their federal student loans, too....
The Hornes story is backed up by a lawsuit filed against Corinthian this September by the Consumer Financial Protection Bureau (CFPB), which, among other complaints alleges that Corinthian falsely inflated its job placement statistics in part by paying employers to temporarily hire Corinthian grads and then counting them as hired. It also alleges that internal communications describe prospective students as having low self-esteem and (m)inimal to nonexistent understanding of basic financial concepts.
He never thought he would first be getting national press coverage as part of what may be the first organized student debt strike. But he and 14 other students, with the support of the Occupy Wall Street spinoff group The Debt Collective, are taking a stand and refusing to pay back the student loans they took out to attend the for-profit Corinthian colleges.
Corinthian is being dismantled and its students given debt relief on their private loans the institution is under federal and state investigations and is the target of multiple lawsuits alleging predatory lending practices. But Hornes and the Corinthian 15 are demanding relief for their federal student loans, too....
The Hornes story is backed up by a lawsuit filed against Corinthian this September by the Consumer Financial Protection Bureau (CFPB), which, among other complaints alleges that Corinthian falsely inflated its job placement statistics in part by paying employers to temporarily hire Corinthian grads and then counting them as hired. It also alleges that internal communications describe prospective students as having low self-esteem and (m)inimal to nonexistent understanding of basic financial concepts.
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'We won't pay': students in debt take on for-profit college institution (Original Post)
KamaAina
Feb 2015
OP
Nuclear Unicorn
(19,497 posts)1. "He had a plan: he wanted to be a pop singer-songwriter"
I wonder if he's any good?
KamaAina
(78,249 posts)2. Maybe he could sing the blues
Nuclear Unicorn
(19,497 posts)4. I'm thinking --
If he's not very good at it maybe that goes further in explaining why he's working in fast food more than tuition rates.
closeupready
(29,503 posts)3. If not, he can take a hint from Katy Perry and use Auto-Tune!
whatthehey
(3,660 posts)5. Some strange definition of "plan" of which I was previously unaware.
And apparently while their internal communications missed the mark on self-esteem, it looks like they nailed the part about basic financial concepts...
lumberjack_jeff
(33,224 posts)6. I could have been a rock star? Why didn't someone tell me?
I guess it's because the college industry didn't convince me that for $30k per quarter, I could too.
Critical thinking: "If I didn't have this student loan, being a Barista wouldn't suck so hard."