Comment on 'Corinthian 100' Ask Education Department: What About Us?

'Corinthian 100' Ask Education Department: What About Us?

Fourteen federal student loan borrowers refusing to make their monthly payments to protest the U.S. Department of Education's shoddy oversight of for-profit colleges met with senior government officials on Tuesday to share their stories and learn about the department's plan to help them. The Education Department’s answer, in short: Keep on waiting. The borrowers are part of the so-called Corinthian 100, a growing group of roughly 100 former students of schools once owned by Corinthian Colleges Inc., the troubled owner of what was once one of the largest chains of for-profit campuses, and are now struggling with their debts. Over the past few years, state and federal authorities have sued Corinthian, alleging the company duped students into taking out loans by advertising false job placement and graduation rates.

 

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