Student loan debtors face default in repayment strike


ASSOCIATED PRESS: Students in debt from attending for-profit universities are protesting by refusing to repay their student loans.

Share this article!

ASSOCIATED PRESS: Students in debt from attending for-profit universities are protesting by refusing to repay their student loans.

Calling themselves the “Corinthian 100” — named for the troubled Corinthian Colleges, Inc., which operated Everest College, Heald College and WyoTech before agreeing last summer to sell or close its 100-plus campuses — about 100 current and former students are refusing to pay back their loans, according to the Debt Collective group behind the strike.

They’re meeting Tuesday with officials from the Consumer Financial Protection Bureau, an independent government agency that already has asked the courts to grant relief to Corinthian students who collectively have taken out more than $500 million in private student loans.

Read the story here.