Cancellation of Corinthian Loans Is Only the Beginning of Student Debt Abolition

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Ultimately, we need to abolish all student debt, for everyone, and publicly fund college.

— even my skittish parents were made to feel safe about sending me to the school. The school bombarded us with communications emphasizing that the education would be “affordable.”

I didn’t know what a “for-profit” school was when I started out. It never occurred to me that a school which advertised on billboards, on public transportation, on television and online could get away with lying. If you had told me that a college accredited by the Department of Education could get away with enriching investors by loading students up with debt, I would have said you were delusional. Yet that is exactly what is happening.

Even more troubling was that I didn’t realize I was taking out loans during the first three years. School officials had assured me that Pell grants would cover my. They asked me to sign documents I didn’t understand. They said it was necessary for me to continue my education and used a lot of language that I didn’t understand. They acted like I should understand everything they said, and I was afraid of looking “stupid,” so I signed.

Eventually our group grew so large that our complaints were too loud to ignore. We became visible to more victims of for-profit college fraud. This led us to the Debt Collective as well as to a team of lawyers at Harvard’s Project on Predatory Student Lending, which looked at all the documents we had gathered to prove the school’s wrongdoing and created a

 

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