http://www.newyorker.com/business/currency/student-debt-revolt-begins
20 replies (most recent on top)
Camden Kid: don't get your hopes up. You invest way too much in not only trying to fight the "system" but in wanting an America that most of us will not let happen. It's not the 99% against the 1%, no matter how much you keep repeating that to yourself. You're just going to get more and more frustrated when you realize that even a lot of us well educated 30-somethings have no intention of supporting those who have no intention being productive and accountable for their own choices. We don't consider them to be victims. We consider them to be predators.
@Anonymous70608, I guess we'll have to wait and see. Washington Post is labeling Corinthian 15 as "dangerous."
But you will have to find it yourself. Get ready for the next tour by inquiring minds.
Camden Kid: Wow, you are WAY too old to still be in your college daze "stick it to the man" phase. Can you really be that clueless about how our nation works? I can forgive it in a 20-year-old, but you've been on this planet, and in this country, a long time. This is an insignificant story in a slow news cycle and, guess what? The American public doesn't care. Look at how large and well organized your beloved OWS was. Results? Nada. The only thing that will come from this is that the students, who probably already have terrible credit, will get even worse credit.
428: Are you saying accurate job placement data for CCi schools was published online?
363 is correct. Students did make decisions based on job placement data. Even if they can't read, it was pitched to them as part of the "close". Now we have asked them to make a mandatory choice in a small time frame based on information from the same organization (different name) that closed them and opened the door to massive debt. We even have faculty calling them to influence their decisions. No wonder there is a revolt brewing.
Anyone that would blindly trust the information from where they are "purchasing" their education (or insert X product) is an idiot. You have to do your own research and it isn't difficult, the internet is here for you.
Dude, this is funny. The schools are now ran by debt collectors. LMFAO!
The "Corinthian 15" story has now gotten to The Nation and Common Dreams.............http://www.thenation.com/blog/198761/what-happens-if-you-refuse-pay-your-student-debt..........http://www.commondreams.org/news/2015/02/23/united-against-debt-trap-profit-colleges-students-fight-back-loan-strike
I am generally a strong supporter of individual accountability and responsibility, but 363 has a valid point. Most people view schools as inherently trustworthy, credible institutions, and so there is an implied trust. When admissions stretches, shades or simply ignores the truth about the quality of the education and the placement scenario, it places more responsibility on the school, especially given that many of our students have failed before in an education setting. What I will not support is the notion that the students unknowingly signed up for enormous debt. Read the docs and use a calculator..... I don't care what job you get after 9 months, two years or four years, the amount of debt is outrageous compared to the value recived and should cause anyone to think twice. Why would you knowingly take out a loan that could pay for a Mercedes and yet drive away in a 1997 Dodge Caravan?
Some of you seem to forget, or maybe just conveniently ignore, the fact that many students made decisions based on CCi's lies about job placement data.
It's kind of sad that OWS has been reduced to trying to trick naive people into ruining their credit. And it seems to be just to get a little attention so they can feel relevant again. Of course Camden Kid would support it. He has nothing to lose here.
Camden Kid - for God's sake, you already seem to believe you are far, far more qualified to have opinions on this industry than you are. Do not start representing yourself as having legal expertise. You're getting really tiresome. Go waste someone else's time for a change. Or (wait...here's an idea!) get a job.
@Anonymous70339, those are the rationalizations ("techniques of neutralization") that may get some for-profit executives in federal court.
I don't want to pay for anything. It's not my fault they made me sign. Someone else is responsible for my actions, not me. I didn't read the contract so I can't be held responsible. The taxpayers should pay my loans off. I can't help it if I'm dumb and can't read.
Dude, this is funny. The schools are now ran by debt collectors. LMFAO!
Jack, jack...
and now they are owned by a DEBT COLLECTOR....how $&@/: Rich!
The legacy of Jack M and the rest of the ELT continues to build. They have cemented themselves a place in history.
Good luck!!