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 at the shuttered California campuses of Corinthian Colleges have to choose between transferring and staying in debt, or clearing their loans and starting their education over from scratch -- and they say federal officials are trying to influence their choices.
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.