Students who have taken out predatory loans that haven’t yielded results are taking matters into their own hands and launching a debt strike.
According to Democracy Now, at least 15 students from the for profit Corinthian Colleges system are refusing to pay back their predatory student loans. Another group of activists are also challenging loans taken out by Everest College, which is a subsidiary of Corinthian.
Corinthian has also been sued by the federal government for its predatory lending.
During an interview with Democracy Now, Latoya Suggs explained the reasons behind launching a student loan strike. In addition to the for profit college Suggs attended, she also blames the Department of Education.
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