Written for an organization I help run, Students for Free Tuition, regarding the student debt strike of former for-profit college students in the defunct Corinthian system.
For-profit Corinthian Colleges are defunct, but the debt of its once-students lives on, almost impossible to discharge- even in bankruptcy.
Fifteen students have formed a collective action to not repay their loans, citing the violations of student rights by the college network.
While this strike are tailored to the particular brutalities of for-profit education, the potential is much larger and can apply to all schools deliberately underfunded, privatized, and run in concert with student loan companies.
Of special interest is an unused but applicable clause with the Department of Education:
“The department, the senators noted, has the power to cancel federal loans for students who attended institutions that violated their rights. In fact, they pointed out, the department’s federal-loan agreements with students go as far as to spell this out, if in fine print: ‘In some cases, you may assert, as a defense against collection of your loan, that the school did something wrong or failed to do something that it should have done.’“
What is the University of California system and the Board of Regents, if not institutions that have failed to do what they should have?