2022-06-03 12:09:55

Biden OKs $5.8B in Debt Relief for Corinthian Students; Pressure Grows to Abolish All Student Debt

The Biden administration this week canceled almost $6 billion in student loan debt for borrowers who attended the now-defunct network of for-profit schools known as Corinthian Colleges, which defrauded thousands of students before being shut down in 2015. Democracy Now! speaks to two activists from the Debt Collective, a group working to end the student loan crisis, about the ongoing fight for full federal student debt cancellation. Pamela Hunt was a former Corinthian College student who accumulated hundreds of thousands of dollars in student debt and was one of the original 15 students who refused to pay their loans. “It’s a very monumental win,” she says, adding that her crushing debt prevented her from becoming a homeowner and contributed to the stress of her cancer diagnosis. “If student debt is illegitimate, why not cancel all of it?” says Braxton Brewington, press secretary of the Debt Collective.

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$6 billion in student loan debt Braxton Brewington Corinthian College student Corinthian Colleges Debt Collective federal student debt cancellation network of for-profit schools Pamela Hunt

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