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 students — who refer to themselves as the Corinthian 15 — created a website where they've published a letter they wrote to the Department of Education asking for loan forgiveness.
All 15 also tell their own personal stories on the website.
In the letter, the students identify themselves as "people living paycheck to paycheck, single mothers, and young people just starting out."
They tell the Department, "... 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."
Here's the full letter published on their website:
Full letter and more...
http://finance.yahoo.com/news/heres-letter-15-students-refusing-154329062.htmlOn one hand these students willingly participated in this but the govt is guaranteeing loans which allows colleges to keep raising tuition costs because of this. And, the job market is so crap that when these students graduate there's no jobs for many of these fields so former students are stuck worker menial jobs while having to payback loans for educations that got them no where. Tough call.