#corinthian15

[nprhereandnow]

15 Frustrated Students Launch The Country’s First Student Debt Strike

The Corinthian 15 are students who attended for-profit institutions run by the corporation Corinthian Colleges and are refusing to pay back their loans.

The company has been investigated by the Department of Education, the Consumer Financial Protection Bureau and is being sued by two states for false advertising and other illegal activities.

The Corinthian 15 say that the schools did not deliver what was promised -- and so they should not have to pay back their loans for services not delivered.

Hear from Mallory Heiney, one of the Corinthian 15, and Laura Hanna with the Debt Collective.

[strike-debt-bay-area]

The Corinthian 15 Are On Strike!

To the Department of Education,

To the Genesis Lending Company, To Corinthian and ECMC,

We have one thing to say

WE OWE YOU NOTHING

Corinthian College, a for-profit degree mill, went bankrupt, leaving its students high and dry, but with lots of student debt! And students can't go bankrupt to get out of their debt. So our allies at

The Debt Collective are supporting 15 students who refuse to pay. And so are we. The response has been amazing: positive press reports have appeared everywhere from The New Yorker to Newsweek. The country is ready to say no to unjust debt.

If you owe the bank a thousand dollars, the bank owns you.

If you owe the bank a trillion dollars, you own the bank.

Together, we own the bank.

[tnelms]

Strike Debt

Today the Debt Collective announced a major initiative to protest student debt. Fifteen students of the for-profit Corinthian College (a company that owns several institutions, including Everest College) are refusing to pay their federal loans and demanding that the U.S. Department of Education cancel their debts. It's a national debt strike -- the first of its kind after the 2008-09 financial crisis and subsequent recession, truly unprecedented collective action.

Learn more here. And *spread the word*!!!

The protest has gotten some good press at the Atlantic, the Guardian, Al Jazeera, and the New Yorker. The Guardian's story is especially extensive.