"For-profit colleges and their executives shouldn't be able to get away with cheating students and leaving them with huge debt loads while these schools rake in big profits off of federal loans," Warren said.
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.