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.
'corinthian 100' Ask Education Department: What About Us?
Shahien Nasiripour, Huffington Post: Politics
Tue, 03/31/2015 - 7:21pm
Topics: u.s the education corinthian colleges inc occupy wall street democrats congress the tuesday consumer financial protection bureau the jessica king newport news virginia officials corinthian-owned like rohit chopra cfpb s joining chopra education ted mitchell deputy undersecretary education jeff appel massachusetts kentucky oregon new york everest heald wyotech what denise horn but king june november ecmc group at laura hanna department the education corinthian corinthian king king cfpb it horn students borrowers federal student company campuses meeting loan debts school loans schools stories ultimately side fraud claim repay job debt borrower wanted government alleged demand information funds attended forgiveness tens state year future decision years asked struggling result thousands clear placement sell organized defrauded activists aid claims told gave accountable offices discharged current continue law
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