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Here's the letter 15 students refusing to pay their federal loans wrote to the Department of Education

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Here's the letter 15 students refusing to pay their federal loans wrote to the Department of Education

Corinthian Colleges Everest University, a Corinthian college.

Fifteen students are refusing to pay back federal student loans taken out to attend schools owned by Corinthian Colleges Inc., a network of for-profit colleges located across the US and in Canada.

The New Yorker reports that Corinthian Colleges — which at one time enrolled more than 100,000 students — has faced a host of problems over the past few years, weathering lawsuits from the Consumer Financial Protection Bureau and the states of Massachusetts and California.

In July the Department of Education forced Corinthian to sell or close down its schools.

However, that action didn't forgive the loans owed by former Corinthian students. A group of these students — who refer to themselves as the Corinthian 15 — created a website on which they have published a letter they wrote to the Department of Education asking for loan forgiveness.

The students call for solidarity among the "tens of millions of students" who are "in more debt than they can ever repay." They're referring to the estimated $1.1 trillion of loans held by Americans, including many who attended for-profit colleges that are arguably a bad investment.

Here's the full letter published on the students' 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.

We won't pay. We are the Corinthian Fifteen,

ANN

NATALIE

LATONYA

MALLORY

HOLLIE

PAUL

NATASHA

NATHAN

JESSICA

AMANDA

ASHLEE

DEANDA

DAWN

MAKENZIE

TASHA

http://finance.yahoo.com/news/heres-letter-15-students-refusing-154329062.html

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They chose this school themselves.

They should have gone to the reputable ivy league colleges.

Having a education does not equate one will definite get a better job, better wages.


Done with K1, AOS and ROC

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good luck with walking away from this obligation

About twice as many Social Security recipients are not receiving all of their Social Security payments this year because they have unpaid federal student loans, according to a report by SmartMoney.com.

According to a 1996 law, the federal government has the authority to withhold portions of Social Security payments if defaulted debt is owed to the government, including federal student loans.

“It’s quite extraordinary because normally Social Security benefits can’t be touched by creditors,” said Deanne Loonin, a staff attorney with the National Consumer Law Center.

From January through August 6 of this year, the government reduced the size of about 115,000 retirees’ Social Security checks, almost double the department’s enforcement in 2011, according to data from the Treasury Department. In 2007, there were 60,000 cases and in 2000, there were only six cases.

While the amount that the government withholds can vary, at least $750 a month must be left untouched.

http://abcnews.go.com/blogs/business/2012/08/more-social-security-money-withheld-because-of-unpaid-student-loans/


If more citizens were armed, criminals would think twice about attacking them, Detroit Police Chief James Craig

Florida currently has more concealed-carry permit holders than any other state, with 1,269,021 issued as of May 14, 2014

The liberal elite ... know that the people simply cannot be trusted; that they are incapable of just and fair self-government; that left to their own devices, their society will be racist, sexist, homophobic, and inequitable -- and the liberal elite know how to fix things. They are going to help us live the good and just life, even if they have to lie to us and force us to do it. And they detest those who stand in their way."
- A Nation Of Cowards, by Jeffrey R. Snyder

Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama

white-privilege.jpg?resize=318%2C318

Democrats>Socialists>Communists - Same goals, different speeds.

#DeplorableLivesMatter

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The issue is that the federal government is complicit in and enables this rip-off scheme that leaves too many young people so deep in debt for degrees that aren't worth the paper they are printed on. These degree mills should not ever be able to sign-up students with federally guaranteed loans. That is the issue. The profiteers of these degree mills which are not in any meaningful way accountable to the public profit from the public underwriting the very loans with which their ridiculous fees are paid.

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demand the end of a higher education system that profits from all our dreams.... Down with profits

0%2B1%2Ba%2Baaaaaaaaaaaaayale.png


If more citizens were armed, criminals would think twice about attacking them, Detroit Police Chief James Craig

Florida currently has more concealed-carry permit holders than any other state, with 1,269,021 issued as of May 14, 2014

The liberal elite ... know that the people simply cannot be trusted; that they are incapable of just and fair self-government; that left to their own devices, their society will be racist, sexist, homophobic, and inequitable -- and the liberal elite know how to fix things. They are going to help us live the good and just life, even if they have to lie to us and force us to do it. And they detest those who stand in their way."
- A Nation Of Cowards, by Jeffrey R. Snyder

Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama

white-privilege.jpg?resize=318%2C318

Democrats>Socialists>Communists - Same goals, different speeds.

#DeplorableLivesMatter

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Education is a public good. It should be there to educate not to profit. But when there are only so many ways left to funnel taxpayer money and funds gained from government debt into the pockets of the upper crust then we must obviously forget about the nation's future and make sure that every last public dime - collected and borrowed alike - is properly deposited with the top 0.1%.

Edited by Mr. Big Dog

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These "students" need to direct their wrath at their school, and not the government (and hence taxpayers). Others are NOT responsible for their poor decisions.

Either way, each of them still owe that money,


Give the poor kids a job.

I don't have any openings for whiners.


Hillary Lied. People Died.

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These "students" need to direct their wrath at their school, and not the government (and hence taxpayers). Others are NOT responsible for their poor decisions.

Either way, each of them still owe that money,

I don't have any openings for whiners.

Why is the government not also responsible for letting these business run amok?

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These "students" need to direct their wrath at their school, and not the government (and hence taxpayers). Others are NOT responsible for their poor decisions.

Either way, each of them still owe that money,

You would think borrowing 50,000 to go to a school someone would spend a few minutes of research to see these were not good schools. I am glad the government took the step of getting these schools closed down. I wish they would stop giving loans and grants to students of other schools that charge way to much compared to what they offer - looking directly at you University of Phoenix, Apollo, and ITT.

From the Wall street Journal (quoted on WP): "In February 2015, ECMC, a non-profit education firm, took ownership of more than half of Corinthian Colleges' campuses. ECMC also agreed to forgive student debt on Corinthian College's Genesis loans after a series of years"

Why school assets were not taken and sold and used to pay the students debts owed to the government is beyond me.. Someone was able to walk away with the cash while the schools went to another set of owners.


I don't believe it.. Prove it to me and I still won't believe it. -Ford Prefect

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