Greek leaders have called a national referendum Sunday on austerity measures proposed by European Union leaders, in hopes of gaining renewed leverage in bailout talks. The human toll of austerity is already so high that accepting the additional constraints the E.U. wants may be impossible.
The Department of Education has finally unveiled the process it will use to dole out debt relief to Corinthian College, Inc.'s victims. But radical debt activists are decrying the system as a convoluted bureaucracy that will deliver less recompense than students deserve.
Students wronged by defunct for-profit college company Corinthian are on strike from their unpayable federal student loans, and the movement's rapid growth forced federal officials to meet with the radical protesters and promise further cooperation in the near future.
Corinthian Colleges left its students in massive debt and without much hope for the economic advancement their degrees were supposed to offer. Rather than help students shrug off those debts, the government decided to help the company sell its schools to a new brand. Now, students are fighting back.
Debt collectors aren’t supposed to be able to use the threat of criminal prosecution to intimidate people into paying up, but new analysis shows that Texas’ payday lenders routinely use courts to put the screws to borrowers.