It’s a shell game, and for those with these loans, the cup never reveals more money, only another bill
The strike came amid a series of lawsuits filed against Corinthian by the states of California and Massachusetts, and it provided a beacon for the thousands of others who had been similarly preyed upon. In concert with these efforts, the strikers ultimately secured $480 million in debt relief.
Ami Schneider attended the Illinois Institute of Art, a for-profit art school that was recently shut down by its new owners due to accreditation issues. The school left Schneider over $120,000 in debt, but the apathetic climate around student debt when she graduated in 2010 left her with few prospects for finding justice. By 2015, Schneider had been in an online group for a few years with fellow students from her college who were trying to organize and fight back against the scheme. We didn’t know what to do with that energy, she told me.
Then someone in her group dropped a link to the work of the Debt Collective and the Corinthian 15. When Schneider connected with Larson and the Debt Collective to share the stories of her fellow indebted classmates, the massive scope of the issue started to come into focus for her. At that point, because I had been reaching out to my senators and everything, I’m feeling like completely alone with it, Schneider said.
She described her emotions following the discovery as a mixed bag. On the one hand, she was payday loans in Webb City MO dismayed to realize just how widespread the issue had become, but on the other, she found comfort in knowing that I wasn’t alone. For years, she had been trying to explain to other people outside IIA that her school had been a scam, but at the time, the for-profit college model hadn’t been exposed on a national level. Continue reading “In 2015, Hornes and 14 other Corinthian victims took the unheard-of step of refusing to pay their student loans”