Logo

Students Are Refusing to Pay Back Predatory Student Loans That Left Them Jobless

Students who have taken out predatory loans that haven’t yielded results are Latoya Suggstaking 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.

“Not only did that sister school fail me, but the Department of Education failed me, as well,” Suggs explained. “I feel that the Department of Education failed me because it is your responsibility to make sure that these schools provide a quality education at an affordable cost and a scam-free school.”

Suggs, who attended Everest, says she was the victim of a bait and switch.

“Well, I did attend college, Everest, to better my future. I attended Everest to get a better job, land a better career, a better opportunity and what we call the American dream. And they lied to me about everything. There was no career placement after I graduated. They didn’t help me with interviewing, anything like that. They were just basically preying on me to get my money. And I don’t feel that I got a quality education out of attending Everest.”

She says schools like Everest prey on low income African-Americans who are trying to find a way out of poverty.

Filmmaker and activist Laura Hanna, also a part of the discussion, explained how government funding of a for profit college sets the state for scamming of students.

“It’s the same story over and over again, right, where they’re funneling public funds into this for-profit sector by what’s called the 90/10 rule. For-profits are actually funded—90 percent of their funding comes from federal loan subsidies,” explained Hanna. “Corinthian needed to just make up 10 percent of that amount of the business model, right?”

Since these were basically bad debts, both Hanna and Suggs believe it’s the job of the Department of Education to erase the student loan debts.

 

 

yvette

122 Comment

  1. I truly appreciate this post. I?¦ve been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thx again

  2. I have to express my appreciation to this writer just for rescuing me from this particular circumstance. After scouting through the world-wide-web and finding principles which were not pleasant, I assumed my entire life was gone. Existing without the presence of answers to the problems you have resolved all through the website is a crucial case, as well as ones which may have in a negative way affected my entire career if I had not discovered your web site. Your own training and kindness in taking care of almost everything was precious. I’m not sure what I would’ve done if I hadn’t encountered such a thing like this. It’s possible to at this time look ahead to my future. Thanks for your time very much for the specialized and effective guide. I will not think twice to suggest your web page to anybody who ought to have direction about this issue.

  3. I wish to express some thanks to you just for rescuing me from this type of difficulty. Right after exploring through the internet and getting basics which are not helpful, I figured my entire life was gone. Being alive minus the approaches to the difficulties you have sorted out as a result of your main guide is a critical case, as well as ones which could have in a negative way affected my career if I had not encountered your site. Your main mastery and kindness in handling all the stuff was helpful. I’m not sure what I would’ve done if I hadn’t come across such a stuff like this. I can now look ahead to my future. Thanks very much for this expert and amazing help. I will not hesitate to suggest your site to anybody who would need guide about this situation.

  4. You really make it appear so easy together with your presentation however I in finding this matter to be actually one thing which I think I’d never understand. It seems too complex and very broad for me. I’m taking a look ahead to your next publish, I?¦ll attempt to get the grasp of it!

  5. I am so happy to read this. This is the kind of manual that needs to be given and not the random misinformation that’s at the other blogs. Appreciate your sharing this best doc.

  6. I simply desired to appreciate you again. I do not know the things that I might have used without those points contributed by you over such a subject matter. It had become a very frustrating setting in my opinion, however , taking a look at this professional avenue you processed it forced me to weep for joy. I will be thankful for your work as well as wish you comprehend what a great job you are always putting in educating many others via a site. Most likely you haven’t come across all of us.

  7. You really make it appear so easy together with your presentation but I find this matter to be really something that I feel I might never understand. It seems too complicated and extremely large for me. I am taking a look ahead in your subsequent submit, I’ll try to get the dangle of it!

  8. Having read this I thought it was very informative. I appreciate you taking the time and effort to put this article together. I once again find myself spending way to much time both reading and commenting. But so what, it was still worth it!

  9. Good – I should certainly pronounce, impressed with your site. I had no trouble navigating through all the tabs and related info ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or anything, website theme . a tones way for your client to communicate. Nice task..

  10. If you would like to get a good deal from this article then you have to apply such methods to your won weblog.|

  11. Some really interesting details you have written.Helped me a lot, just what I was looking for : D.

  12. fantastic post.Ne’er knew this, thanks for letting me know.

  13. Good write-up, I am regular visitor of one’s blog, maintain up the excellent operate, and It’s going to be a regular visitor for a long time.

  14. It¦s actually a cool and useful piece of information. I¦m glad that you just shared this useful info with us. Please stay us up to date like this. Thank you for sharing.

  15. It’s the best time to make a few plans for the longer term and it is time to be happy. I have read this put up and if I may just I desire to counsel you few fascinating things or tips. Perhaps you can write subsequent articles relating to this article. I desire to read even more issues approximately it!

  16. Really good visual appeal on this site, I’d rate it 10 10.

  17. Unquestionably consider that that you said. Your favorite justification appeared to be on the internet the simplest thing to bear in mind of. I say to you, I definitely get irked while other people consider worries that they just do not recognize about. You managed to hit the nail upon the top as smartly as defined out the whole thing without having side-effects , people could take a signal. Will probably be back to get more. Thank you|

  18. Hi there! This is kind of off topic but I need some guidance from an established blog. Is it very difficult to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about setting up my own but I’m not sure where to start. Do you have any ideas or suggestions? With thanks|

  19. Nearly all of whatever you state happens to be astonishingly appropriate and it makes me ponder the reason why I hadn’t looked at this in this light previously. This article really did turn the light on for me personally as far as this particular subject matter goes. Nonetheless there is 1 point I am not really too cozy with so whilst I make an effort to reconcile that with the actual central theme of your position, let me observe what the rest of the readers have to say.Nicely done.

  20. I have been absent for some time, but now I remember why I used to love this site. Thanks, I’ll try and check back more frequently. How frequently you update your web site?

  21. Keep functioning ,remarkable job!

  22. I pay a visit daily a few web sites and websites to read articles or reviews, but this web site gives quality based writing. Albertina Sullivan Jasmin

Leave a Comment

Email (will not be published)