Campus Life

Student loan recipients go on repayment strike, face default

 

Sarah Dieffenbacher, poses for a picture in Washington, Monday, March 30, 2015. Former and current college students calling themselves the “Corinthian 100” say they are on a debt strike and refuse to pay back their student loans. The name comes from Corinthian Colleges Inc., which operated the for-profit Everest College, Heald College and WyoTech schools before agreeing last summer to sell or close its 100-plus campuses. Dieffenbacher, who works in collections for a property management company, said she was allowed at first to defer her loan payments, but now should be paying about $1,500 a month that she can’t afford. (AP Photo/Manuel Balce Ceneta)

Sarah Dieffenbacher, poses for a picture in Washington, Monday, March 30, 2015. Former and current college students calling themselves the “Corinthian 100” say they are on a debt strike and refuse to pay back their student loans. The name comes from Corinthian Colleges Inc., which operated the for-profit Everest College, Heald College and WyoTech schools before agreeing last summer to sell or close its 100-plus campuses. Dieffenbacher, who works in collections for a property management company, said she was allowed at first to defer her loan payments, but now should be paying about $1,500 a month that she can’t afford. (AP Photo/Manuel Balce Ceneta)

WASHINGTON (AP) — Former and current college students calling themselves the “Corinthian 100” say they are on a debt strike and refuse to pay back their student loans.

The name comes from Corinthian Colleges Inc., which operated the for-profit Everest College, Heald College and WyoTech schools before agreeing last summer to sell or close its 100-plus campuses.

Several of the loan recipients involved with the strike are meeting Tuesday with officials from the Consumer Financial Protection Bureau.

Their ultimate goal is to get the Education Department to discharge their loans because they say their degrees are worthless. The students say the department should have done a better job regulating the schools.

 

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