One hundred and seven Corinthian and former Corinthian students have now had their stories of deceit, deception and descent into debt told, in their own words. Stories to make your blood curdle. Stories that, if brought to the silver screen, would be rated R - viewer caution advised - for their disgusting yet true-to-life portrayal of human greed and deceit.
Corinthian Colleges, now bankrupt, has been duping would-be students with tales of great jobs and luring them into loans for decades. The Debt Collective, an offshoot of Strike Debt, has organized 107 of these students (a number increasing all the time) into a Debt Strike (see here and here). Each striker has publicly announced that they refuse to pay off their accumulated, fraudulently-induced debt, and their stories have been collected onto the Debt Collective website.
TO THE DEPARTMENT OF EDUCATION
19 February, 2015
Who are we? We are the first generation made poor by the business of education.
We are people living paycheck to paycheck, single mothers, and young people just starting out. We wanted an education because we were driven to learn and to achieve a better life for ourselves and for our families.
We trusted that education would lead to a better life. And we trusted you to ensure that the education system in this country would do so. But Corinthian took advantage of our dreams and targeted us to make a profit. You let it happen, and now you cash in.
Each month you force us to make payments into an immoral system that profits from our aspirations.
We paid dearly for degrees that have led to unemployment or to jobs that don’t pay a living wage. We can’t and won't pay any longer.
Repayment plans presented as a helping hand simply aren’t good enough. The wrong done to us is deeper than that.
We are not alone in this fight. Corinthian’s predatory empire pushed hundreds of thousands into a debt trap. But even beyond for-profit schools, tens of millions of students are in more debt than they can ever repay. And you are the debt collector, with powers beyond a payday lender’s wildest dreams.
To the Department of Education and to the lenders, servicers, and guarantee agencies who have stolen our futures, we say: enough! Erase these loans.
To current and former college students across the country, we say: we stand with you to demand the end of a higher education system that profits from all our dreams. Join our fight.
Here are some excerpts.